A friend has a 85% average before the final exam for a course. That score includes everything but the final, which counts for 25% of the course grade. What is the minimum score your friend would need on the final to earn a 75% for the course?
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A friend has a 85% average before the final exam for a course. That score includes everything but the final, which counts for 25% of the course grade.
What is the minimum score your friend would need on the final to earn a 75% for the course?
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- One aspect of obtaining an engineering education is the prospect of improved future earnings in comparison to non-engineering graduates. Sharon Shay estimates that her engineering education has a $85,000 equivalent cost at graduation. She believes the benefits of her education will occur throughout 25 years of employment. She thinks that during the first 8 years out of college, her income will be higher than that of a non-engineering graduate by $25,000 per year. During the subsequent 10 years, she projects an annual income that is $35,000 per year higher. During the last 17 years of employment, she estimates an annual salary that is $52,000 above the level of the nonengineering graduate. If her estimates are correct, what rate of return will she receive as a result of her investment in an engineering education?Perry is a freshman. He estimates that the cost of tuition, books, room and board, transportation, and other incidentals will be $21,000 this year. He expects these costs to rise about $1500 each year while he is in college. If it will take him 5 years to earn his BS, what is the present cost of his degree at an interest rate of 4%? If he earns an extra $15,000 annually for 40 years, what is the present worth of his degree?Mark is choosing between two colleges. Graduates of college A expect to earn $60,000 upon graduation and receive annual raises of 3%. Graduates of college B expect to earn $50,000 upon graduation, but receive annual raises of 3.5%. Assuming Mark discounts his future income at a rate of 6% and expects to work for 40 years, which college should he choose?