Draino76 Posted 27 September, 2012 Share Posted 27 September, 2012 David and Helen Clark are planning to pay for their daughter's four-year college education starting fifteen years from now. The current annual cost of a college education is $18,000 and this is expected to rise at an annual rate of 3%. If interest rates are expected to be 4% for the foreseeable future, the amount that they must save each year, if they intend to make fourteen equal annual payments, beginning in one year's time, is closest to: A$5,309. B$5,602. C$5,812. Link to comment Share on other sites More sharing options...
Draino76 Posted 27 September, 2012 Author Share Posted 27 September, 2012 Yes this is how I spend my Thursday nights. Personally I would save $6,000 each year to be safe. Or get my daughter into prostitution. Link to comment Share on other sites More sharing options...
Draino76 Posted 27 September, 2012 Author Share Posted 27 September, 2012 The correct answer is: C College fee today = $18,000 College fee in 15 years' time = 18,000 x 1.0315= 28,043 16 years' time = 18,000 x 1.0316= 28,885 17 years' time = 18,000 x 1.0317= 29,751 18 years' time = 18,000 x 1.0318= 30,644 At t = 14, the value of these four-year fees, discounted at an interest rate of 4% is equal to 28,043 + 28,885 + 29,751 + 30,644 = 106,313 1.04 1.042 1.043 1.044 The future value of annual savings at t = 14 must be equal to $106,313 This is the future value of a 14-year annuity, where the annual payment is the amount that must be saved each year Use your calculator to obtain the value of the annual payment FV = 106,313 Interest rate = 4% No. of periods = 14 Payment = $5,812 Link to comment Share on other sites More sharing options...
Saintandy666 Posted 27 September, 2012 Share Posted 27 September, 2012 Excellent stuff. Link to comment Share on other sites More sharing options...
Thedelldays Posted 27 September, 2012 Share Posted 27 September, 2012 (edited) 2x +y = 7 3x -y = 8 what is the value of X and Y in this basic equation edit Edited 27 September, 2012 by Thedelldays Link to comment Share on other sites More sharing options...
Saintandy666 Posted 27 September, 2012 Share Posted 27 September, 2012 2x -y = 7 3x -y = 8 what is the value of X and Y in this basic equation x = 1 y = -5 2(1) = 2 - -5 = 7 3(1) = 3 - -5 = 8 My maths is dire though. Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 27 September, 2012 Share Posted 27 September, 2012 14 year course I would say 4 years at Uni Estimated annual salary at a job that actually is worth doing a degree for £50k 10 x £50k = 500k Id say thats not a bad deal TBH As apposed to Annual estimated salary of someone that coukdnt really be arsed and went to Uni as its the thing to do but actually did end up getting a job anyway, possibly about £20k 10x 20k = 200k You do the math, students do my head in Link to comment Share on other sites More sharing options...
Saintandy666 Posted 27 September, 2012 Share Posted 27 September, 2012 14 year course I would say 4 years at Uni Estimated annual salary at a job that actually is worth doing a degree for £50k 10 x £50k = 500k Id say thats not a bad deal TBH As apposed to Annual estimated salary of someone that coukdnt really be arsed and went to Uni as its the thing to do but actually did end up getting a job anyway, possibly about £20k 10x 20k = 200k You do the math, students do my head in Did a student abuse you as a child or something?! You seem have real anger issues about them. Link to comment Share on other sites More sharing options...
Turkish Posted 27 September, 2012 Share Posted 27 September, 2012 Did a student abuse you as a child or something?! You seem have real anger issues about them. Because most of them are *****s and remain so until theyve been in the workplace for about 3 years and realised that the world doesn't owe them a living. Link to comment Share on other sites More sharing options...
Saintandy666 Posted 27 September, 2012 Share Posted 27 September, 2012 Because most of them are *****s and remain so until theyve been in the workplace for about 3 years and realised that the world doesn't owe them a living. If it makes you feel any better, I don't think anyone owes me anything at all. And I know I'll have to work ridiculously hard to get where I want. And none of my friends think the world owes them anything either. Link to comment Share on other sites More sharing options...
Turkish Posted 27 September, 2012 Share Posted 27 September, 2012 If it makes you feel any better, I don't think anyone owes me anything at all. And I know I'll have to work ridiculously hard to get where I want. And none of my friends think the world owes them anything either. You really are the greatest teenager alive. Link to comment Share on other sites More sharing options...
Saintandy666 Posted 27 September, 2012 Share Posted 27 September, 2012 You really are the greatest teenage alive. I love you Turkish. Let's marry and adopt kids. Link to comment Share on other sites More sharing options...
Thedelldays Posted 27 September, 2012 Share Posted 27 September, 2012 I did some work at Plymouth Uni last sunday...it involved their sports society day for the freshers....I have never seen a bigger collection of gimps in my life. frisbee club ffs...what the fuk Link to comment Share on other sites More sharing options...
Saintandy666 Posted 27 September, 2012 Share Posted 27 September, 2012 I think you are mistaking young people having a good time for a bad attitude. Link to comment Share on other sites More sharing options...
Saintandy666 Posted 27 September, 2012 Share Posted 27 September, 2012 (edited) I did some work at Plymouth Uni last sunday...it involved their sports society day for the freshers....I have never seen a bigger collection of gimps in my life. frisbee club ffs...what the fuk Well, everyone has their things they want to do to have a good time I guess. I don't think we should judge. Edited 27 September, 2012 by Saintandy666 Link to comment Share on other sites More sharing options...
Turkish Posted 27 September, 2012 Share Posted 27 September, 2012 I love you Turkish. Let's marry and adopt kids. You remind me of Adrian Mole. Link to comment Share on other sites More sharing options...
Turkish Posted 27 September, 2012 Share Posted 27 September, 2012 I think you are mistaking young people having a good time for a bad attitude. Talking of young people having a good time isn't Question Time on tonight Andy? Link to comment Share on other sites More sharing options...
Saintandy666 Posted 27 September, 2012 Share Posted 27 September, 2012 Talking of young people having a good time isn't Question Time on tonight Andy? Yes, the best programme on television has returned, my dear friend! I am watching and talking to you, coincidently my other favourite thing to do. Having a great night, cheers for asking. Link to comment Share on other sites More sharing options...
Turkish Posted 27 September, 2012 Share Posted 27 September, 2012 Yes, the best programme on television has returned, my dear friend! I am watching and talking to you, coincidently my other favourite thing to do. Having a great night, cheers for asking. Living the dream. I used to go to JFKs when i was your age and almost pull my ex school teachers! Link to comment Share on other sites More sharing options...
Saintandy666 Posted 27 September, 2012 Share Posted 27 September, 2012 Living the dream. I used to go to JFKs when i was your age and almost pull my ex school teachers! Our lives are wild. Link to comment Share on other sites More sharing options...
Turkish Posted 27 September, 2012 Share Posted 27 September, 2012 Our lives are wild. What are you and Mrs Andy going to do soon? Presumably she is off to uni as well? Link to comment Share on other sites More sharing options...
Saintandy666 Posted 27 September, 2012 Share Posted 27 September, 2012 What are you and Mrs Andy going to do soon? Presumably she is off to uni as well? She has already left last week. In fact, everyone has already left so I am the last to go. My uni starts pretty late, but I go on Sunday so it'll be good to get away. Link to comment Share on other sites More sharing options...
Turkish Posted 27 September, 2012 Share Posted 27 September, 2012 She has already left last week. In fact, everyone has already left so I am the last to go. My uni starts pretty late, but I go on Sunday so it'll be good to get away. Shell be getting pounded as we speak. Link to comment Share on other sites More sharing options...
Saintandy666 Posted 27 September, 2012 Share Posted 27 September, 2012 Shell be getting pounded as we speak. Na. Link to comment Share on other sites More sharing options...
Turkish Posted 27 September, 2012 Share Posted 27 September, 2012 Na. Don't kid yourself. She'll say she misses you and be faithful but she won't be. Link to comment Share on other sites More sharing options...
Saintandy666 Posted 27 September, 2012 Share Posted 27 September, 2012 Don't kid yourself. She'll say she misses you and be faithful but she won't be. Speaking from personal experience, Turkish? Link to comment Share on other sites More sharing options...
the stain Posted 27 September, 2012 Share Posted 27 September, 2012 Speaking from personal experience, Turkish? I doubt Turkish could get someone with the intelligence to go to university. Link to comment Share on other sites More sharing options...
Turkish Posted 27 September, 2012 Share Posted 27 September, 2012 Speaking from personal experience, Turkish? Nope, but then youre not me Andy, well i say no, i mean, Not knowingly, but I never took the risk incase they ever did have 'something to tell me' Link to comment Share on other sites More sharing options...
Saintandy666 Posted 27 September, 2012 Share Posted 27 September, 2012 Nope, but then youre not me Andy, well i say no, i mean, Not knowingly, but I never took the risk incase they ever did have 'something to tell me' So you dumped quickly rather than taking the risk? Link to comment Share on other sites More sharing options...
Turkish Posted 27 September, 2012 Share Posted 27 September, 2012 I doubt Turkish could get someone with the intelligence to go to university. Don't be ridiculous there are plenty of media studies students gagging for it and psychology student you call pull by telling them anything. Marketing was always my sweet spot though, they always seem to froth at the gash for me. Link to comment Share on other sites More sharing options...
Turkish Posted 27 September, 2012 Share Posted 27 September, 2012 So you dumped quickly rather than taking the risk? No, just made sure I could trump them if they ever did have something to say. Link to comment Share on other sites More sharing options...
Saintandy666 Posted 27 September, 2012 Share Posted 27 September, 2012 No, just made sure I could trump them if they ever did have something to say. Is there a current Mrs. Turkish, Turkish? Link to comment Share on other sites More sharing options...
Turkish Posted 27 September, 2012 Share Posted 27 September, 2012 Is there a current Mrs. Turkish, Turkish? Yep,there certainly is. She is the exception to the rule. Link to comment Share on other sites More sharing options...
Saintandy666 Posted 27 September, 2012 Share Posted 27 September, 2012 Yep,there certainly is. She is the exception to the rule. This has left me heartbroken and disappointed as I was saving myself for you. Link to comment Share on other sites More sharing options...
Turkish Posted 27 September, 2012 Share Posted 27 September, 2012 This has left me heartbroken and disappointed as I was saving myself for you. It's not really cheating if you're both in a relationship....... Link to comment Share on other sites More sharing options...
Saintandy666 Posted 27 September, 2012 Share Posted 27 September, 2012 It's not really cheating if you're both in a relationship....... It's not gay if the balls don't touch... Link to comment Share on other sites More sharing options...
JPTCount Posted 27 September, 2012 Share Posted 27 September, 2012 I'm moving to the states, better climate, less personal debt. Link to comment Share on other sites More sharing options...
Jonnyboy Posted 27 September, 2012 Share Posted 27 September, 2012 It's not really cheating if you're both in a relationship....... Are you two masturbating? Link to comment Share on other sites More sharing options...
Dimond Geezer Posted 28 September, 2012 Share Posted 28 September, 2012 2x +y = 7 3x -y = 8 what is the value of X and Y in this basic equation edit x=3, y=1. Haven't done this for years, until last night when my son needed help with simultaneous equations. Link to comment Share on other sites More sharing options...
Thedelldays Posted 28 September, 2012 Share Posted 28 September, 2012 x=3, y=1. Haven't done this for years, until last night when my son needed help with simultaneous equations. correct Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 28 September, 2012 Share Posted 28 September, 2012 Did a student abuse you as a child or something?! You seem have real anger issues about them. Not with all of them, some are a vital part of the community. I was a student, although I didnt pay for it per se, I did take a substantial pay cut to come to the job I am now in, who in turn funded a degree. My issue is not with those that use Uni as the sacrifice it is and make something of themselves, although the pros outweigh the risks, but those who use pathetic pointless degrees as a free ride, funded through the majority by the taxpayer. And lets not go down the route that uni shouldnt be Elitist as it should, its the whole point of it, unfortunately the job market is too often flooded with useless degrees, far too many come out with a degree in soap box preaching and end up at tesco What are you studying anyways Saintandy ? And what do you hope to be ? Link to comment Share on other sites More sharing options...
Saintandy666 Posted 28 September, 2012 Share Posted 28 September, 2012 (edited) Not with all of them, some are a vital part of the community. I was a student, although I didnt pay for it per se, I did take a substantial pay cut to come to the job I am now in, who in turn funded a degree. My issue is not with those that use Uni as the sacrifice it is and make something of themselves, although the pros outweigh the risks, but those who use pathetic pointless degrees as a free ride, funded through the majority by the taxpayer. And lets not go down the route that uni shouldnt be Elitist as it should, its the whole point of it, unfortunately the job market is too often flooded with useless degrees, far too many come out with a degree in soap box preaching and end up at tesco What are you studying anyways Saintandy ? And what do you hope to be ? I do agree with you that a lot of degrees are utterly pointless/useless, and now that it is 9k a year, it's not only sad for the taxpayer, it's sad for the individuals involved. I don't really have the heart to tell people who have told me they are going to do a phototography degree at Farnham that they are never going to pay off their fees, and almost certainly won't get a job in photography. But at the same time, I think it is good that as many people go to uni as possible in degrees that stretch people. We need a well educated country to compete in the high-tech market of tomorrow. But at the same time, just as a Doctor can't fix leaking pipes, a plumber can't fix an unhealthy body. So, I think we need less stupid targets in this country, and more emphasis on practical, as well as academic routes because both are worthy routes to worthy careers and not everyone is suited to university. As for me I head off to Oxford on Sunday to study Human Sciences(http://www.ihs.ox.ac.uk/). Because it's a science course, I would be eligible for the accelerated medicine course. So the plan is I would try to get into that afterwards, but Medicine is extremely hard to get into and good grades aren't enough. That's what I hope to do anyways(unless this course inspires me to take a different route)... but either way an Oxford degree should stand me in good stead for something even if my plans do fail. Edited 28 September, 2012 by Saintandy666 Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 28 September, 2012 Share Posted 28 September, 2012 Well, cant really argue with any of that, and Oxford, not bad going at all either. I agree with you on different options, I still see, for instance in school, for GCSEs to be a an option but also if a kid is not acedemic why not an apprenticeship starting in the ladt or two last years ? And just get them through science, english and maths ? Uni isnt for everyone, which is why I see the increase in fees as a good thing, and lets be honest the repayments are hardly crippling nor are they forever, if you fo not earn enough you dont pay back. I think we should have fewer degree courses with higher standards set in all of them, and push industry to employ and pay for places at Uni for those they see have potential, removing the burden from thr taxpayer and placing more emphesis on the pupil/employee to work hard and achieve more Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 28 September, 2012 Share Posted 28 September, 2012 FWIW as well SaintAndy was correct before TDD changed the question to a v easy one Link to comment Share on other sites More sharing options...
Dimond Geezer Posted 28 September, 2012 Share Posted 28 September, 2012 FWIW as well SaintAndy was correct before TDD changed the question to a v easy one Oh cheers mate! Thanks for p!ssing on my fire. Getting it right was the highlight it what has been a generally sh!t day, now you tell me it's easy. Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 28 September, 2012 Share Posted 28 September, 2012 Oh cheers mate! Thanks for p!ssing on my fire. Getting it right was the highlight it what has been a generally sh!t day, now you tell me it's easy. By easy I meant.... Um.... Well Theres always the pub ? Link to comment Share on other sites More sharing options...
Dimond Geezer Posted 28 September, 2012 Share Posted 28 September, 2012 By easy I meant.... Um.... Well Theres always the pub ? I think we have a plan. Link to comment Share on other sites More sharing options...
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