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Answer:
<u><em>The answer is</em></u>: <u>True.</u>
Explanation:
<u>There are several sources that offer financial aid to help students.
</u>
Financial aid can come from federal sources, from the state, from educational or private institutions that help you pay for the university or professional institute.
The federal government offers several financial aid programs. Federal student aid covers expenses such as tuition and fees, room and board, books and supplies, as well as transportation. It can also help pay other related expenses, such as a computer and caring for dependents.
The U.S. Department of Education grants more than $ 120 billion a year in scholarships and grants, funds for the Study and Work Program, and low interest loans to more than 13 million students.
Thousands of educational institutions across the country participate in federal student aid programs.
<u><em>The answer is</em></u>: <u>True.</u>
<span>The answer that does not fit with six sigma implementation is creating quality system standards. Six Sigma works as a means of quality assurance. Its implementation shows where defects exist in order to pursue the best quality. While is does pursue the utmost quality, it does not create the standards that it pursues.</span>
Answer:
The present value of the total amount that Brooke needs to have saved at the beginning of her son's first year of college is 31.959,13
Explanation:
Tuition Fees after inflation at
Year 18 = 15000* ( 1+6.5%)18 = 46599.8157
Year 19 = 15000* ( 1+6.5%)19 = 49628.8037
Year 20 = 15000* ( 1+6.5%)20 = 52854.6759
Year 21 = 15000* ( 1+6.5%)21 = 56290.2299
Since discount rate = 10%
So discount factor = 1+r = 1+10% = 1.1
Since fees are paid at beginning of period hence
Present Value of Fees = Fees (year 18)/1.1^18 +Fees at Year 19/1.1^19 +Fees at Year 20/1.1^20 + Fees at year 21/1.1^21 = 46599.8157/1.1^18 + 49628.8037/1.1^19 + 52854.6759/1,1^20 + 56290.2299^21 = 31959.13
