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John and Jane are analyzing promises from political candidates about reducing the cost of attending university. Their daughter, Jane Jr., plans to attend the University of Southern Ontario (USO) for four years, starting one year from now. Tuition at USO is currently $6000 per year, paid at the beginning of each year. Tuition is expected to rise by $400 each year. Use an annual interest rate of 5%.
(a) The Red Party promises to freeze tuition, so that it will stay at $6000 for each of the four years that Jane Jr. attends USO. What is the value today of the Red Party's plan?
(b) The Yellow Party promises to give scholarships of $1000 per year, awarded at the beginning of each school year. What is the value today of Jane Jr.'s scholarship?
(c) The Blue Party promises to give Jane Jr. a tax credit after she graduates. At the end of the first year after she graduates, and continuing each year afterwards, her income taxes will be reduced by $200. What is the value today of the Blue Party's tax credit? Assume she lives forever.
A company makes two soft drinks A and B. Each liter of A requires 4 hours processing and 4 hours distillation while each liter of B requires 5 hours processing and 3 hours distillation.
What do we gain by studying geometry? Do you see any geometric concepts being used in your area of expertise or in your day-to-day experiences? Explain
how many cups of flour should Susan use In her grandmother's recipe? solve & explain how you use the meanings of multiplication aSusan has a 5-pound bag of flour and an old recipe of her grandmother's calling for 1 kilogram of flour. she read on th..
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Given that the acceleration vector is a(t) = (-9cos(-3t)) i + (-9sin(-3t)) j + (-2t) k , the initial velocity is v(0) = i + k , and the initial position vector is r(0) = i+j+k , compute:
The peremiter of a cross section of a piece of lumber is 34 1/2 in. The length is twice the width. Find the actual dimension of the cross section of this piece of lumber.
List all the binary relations on the set {0,1}. List the reflexive relations on the set {0,1}.
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Evaluate the nearest distance between two tunnels using cosine rule. In a mine, two tunnels are dug starting at the same point.
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