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Diane has just turned 18 and also completed high school. She is wondering about the value of a college education. She is pretty good with numbers, and driven by financial considerations only, so she sits down to calculate whether it is worth the large sum of money involved. She knows that her first year tuition will be $14,000, due at the beginning of the year (that is, right away). Based on historical trends she estimates that tuition will rise at 5% per year for the 4 years she is in school. She also estimates that her living expense above and beyond tuition will be $8,500 per year (assume this extra expense occurs at the end of each year only when she is in college) for the first year and will increase $500 each year thereafter to keep up with inflation. She does not plan to work at all while attending school. Were she to forgo college she would be able to make $27,000 per year out of high school and expects that to grow 3% annually. With the college degree, she estimates that she will earn $42,000 per year out of college, again with annual 3% increases in salary. Either way, she plans to work until the day she turns 63 (she begins college right away). The interest/discount rate is 8%. What is the NPV of her college education? (Note: All cash flows except tuition payments occur at the end of the year.)
Imagine you are leading a team of designers for a new software product. During the kickoff meeting, the team starts to discuss design guidelines. About half of the team complains that guidelines can be too specific, incomplete, hard to apply, and ..
Each organization will have a certain collection of services available (like Frame Relay) but this is dependent upon provider provisioning, cost and customer premises equipment. What are some of the services available to you in your area?
What is the difference between sequential and random file access? What is the end-of-file condition and how do you use it in a program?
Describe some ways in which the firsthand knowledge we have of some topic goes beyond what we are able to write down in a language. What accounts for our inability to express this knowledge?
Why do we need mappings between schema levels
Design a combinational circuit with four input lines that represent a decimal digit in BCD and four output lines that generate the 9's complement of the input digit.
Project objective: 1.Apply the tools and techniques in research and analysis required to evaluate computer and information science products. 2.Describe how pipelining and superscalar processing improve the speed at which a computer program is execute..
No longer than a decade ago, IT security professionals had to work hard to persuade organizational leaders about the importance of developing effective risk management plans. Nowadays, due to the plethora of cautionary tales that organizations histor..
Write a program that computes the cost of a long-distance call. The cost of the call is determined according to the following rate schedule: a. Any call started between 7:00 A.M. and 9:00 P.M.
You may select a topic of your choice or you may use one (1) of the following: Computer literacy and information literacy and Using information systems and information technologies / management information systems
What is the relationship between increased social responsibility and IT at the workplace? Answer in about two paragraphs with reference.
What Big O would describe the performance of the method get Position?
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