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Mademuasel [1]
3 years ago
11

Which of the following government offices help individuals fund their college education?

Business
2 answers:
devlian [24]3 years ago
8 0
Office of federal student aid


Zinaida [17]3 years ago
6 0

-Office of education technology

-Office of postsecondary education

-Office of vocational and adult education

-Office of federal Student Aid

Answer:

Office of federal Student Aid

Explanation:

-Office of education technology  works providing the technology policy to transform education.

-Office of postsecondary education  develops and manages postsecondary education programs and policy.

-Office of vocational and adult education  manages programs and policies  related to adult education technical education and community colleges.

-Office of federal Student Aid provides financial assistance for higher education students like loans, grants and work-study program.

According to this, the government office that helps individuals fund their college education is the office of federal Student Aid.

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3 years ago
Park Co. is considering an investment that requires immediate payment of $27,000 and provides expected cash inflows of $9,000 an
Reil [10]

Answer:

IRR =   12.92%

Explanation:

<em>The IRR is the discount rate that equates the present value of cash inflows to that of cash outflows. At the IRR, the Net Present Value (NPV) of a project is equal to zero </em>

<em>If the IRR greater than the required rate of return , we accept the project for implementation  </em>

<em>If the IRR is less than that the required rate , we reject the project for implementation  </em>

A project that provides annual cash flows of $24,000 for 9 years costs $110,000 today. Under the IRR decision rule, is this a good project if the required return is 8 percent?

Lets Calculate the IRR

<em>Step 1: Use the given discount rate of 10% and work out the NPV </em>

NPV = 9000× (1-1.10^(-4)/0.1) - 27,000 =1528.78

<em>Step 2 : Use discount rate of 20% and work out the NPV (20% is a trial figure) </em>

NPV = 9000× 1- 1.20^(-4)/0.2 - 27000 = -3701.38

<em>Step 3: calculate IRR </em>

<em>IRR = a% + ( NPVa/(NPVa + NPVb)× (b-a)%</em>

IRR = 10% +  1528.78/(1528.78+3701.38)× (20-10)%= 0.12923

     = 0.129230153  × 100

IRR =   12.92%

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