the working class essays

the working class essays Hannah Marks is the apathetic nerd who sees the popular people as the dictators and the nerds as the working class. She steers clear from the social Nazis at J C High, but what happens when Hitler himself starts to take notice? Confusion? Maybe. Controversy? Hell yeah! (Not political) Cliques for Stereotypes and the French Revolution I watched observantly with disgust as they giggled and carried about like a bunch of rowdy schoolgirls discussing the ways in which they'd lost their virginity. Seeing this, one would assume that the Feminist Independence movement had never occurred. They were so absorbed in their delusional world of pom-poms and French nails to notice the mere mortals who were trying to get past them in the hall. Occasionally, like now, they'd snap out of their bubble to gawk shamelessly at some hot specimen and try to seduce him by batting their eyelashes. Not surprisingly, what happens next is the equally self-absorbed dimwit saunters smoothly over to the ditz, thinking he's some suave Casanova, and within a few seconds they're at it against the lockers. What can I say? It 's a Dog-eat-dog world out there, if you'd pardon the pun. However, if one happens to witness this unfortunate sight, one has a tendency to be put off of one's lunch. So the best thing to do is to look away, and pretend it was some nasty nightmare, telling them to never eat KFC again. Those who feared the horror of their wrath must endure the frustration of silent oppression. They were the Hitler's, the Mussolini's and the Stalin's of high school hierarchy. What they say goes because they were intimidating and they had the power. They were the dictators. They were known as the popular people. As lame as it sounds, the popular people that reside at John Cafferty High are spitting images of the over done, overrated and over exaggerated caricatures of their teen flick counterp ...

Social Policy and the Social Security System Essay

Social Policy and the Social Security System - Essay Example As addressed by bush in the State of the Union Address in 2005, "One of America's most important institutions - a symbol of the trust between generations- is in need of wise and effective reform. Social Security was a great moral success of the 20th Century, and we must honor its great purpose in this new century. The system, however, on its current path, is headed toward bankruptcy. And so we must join together to strengthen and save Social Security." The threat of bankruptcy that the Social Security System is facing is a source of much concern throughout the United States and is an issue that the past and current administrations have taken very seriously (The Problems Facing, 1). Since its establishment in 1935 with the signing of the Social Security Act by President Roosevelt, the Social Security System has undergone a great number of changes. Originally formatted to provide income to retired workers, the Act was adapted in 1939 to include coverage for the dependents and survivors of deceased workers, greatly increasing the payout to each retiree. In 1956 the system had two major changes, the first being the creation of Disability Insurance and the second being the allowance of early retirement for women at the age of 62 (History of Social Security, 1). The same early retirement was allowed for men by 1961. In 1972 the issue of inflation was addressed with the introduction of Cost of Living Adjustments (COLAs) (History of Social Security, 1). The COLAs had many problems, which were remedied in 1977. Created in 1983 was the National Commission on Social Security Reform. "The commission called for 1) an increase in the self-employment tax; 2) partial taxation of benefits to upper income retirees; 3) expansion of coverage to include federal civilian and nonprofit organization employees; 4) an increase in the retirement age from 65 to 67, to be enacted gradually starting in 2000" (History of Social Security, 1). The Social Security system went through a major change when The Social Security Trustees' Report in 1996 announced starting in 2012 the system would begin running deficits, exhausting the trust funds by 2029. The very next year it was decided by the Social Security Advisory Panel that Social Security's funds would be invested in the private sector. Payroll taxes were drastically affected by this change. (History of Social Security, 2). Social Security is a system initially established in 1935 when the vast majority of women were housewives (The Problems Facing, 1). When the program was established, many factors attributed to the great success of the program. One of the contributing factors was the much lower life expectancy in the United States. In many cases, workers would not live long enough to qualify to receive Social Security. As a result, "there were more than 40 workers to support every one retiree" (the Problems Facing, 1). Those statistics have drastically changed since the establishment of the system. Today, the average life expectancy is 77 years old. In addition, more than 60% of women are currently working. With this change of statistics, the ratio of workers to retiree's has shifted, causing the gradual

My Organization at a Glance Research Paper Example | Topics and Well Written Essays - 1500 words

My Organization at a Glance - Research Paper Example The results of the analysis provide an organization’s management team with the basics of maintaining optimum management practices. Strategic management helps the management attain better alignment of corporate policies and strategic priorities (George & Bock, 2011). This discussion is an examination of the McDonald’s corporation organizational analysis, environmental analysis as well strategic issues and recommendations how to build the organization’s competitive advantages. Organizational Analysis McDonald’s is a fast food corporation that operates in the restaurant industry. The corporation is among the oldest fast food outlet in America with a global presence. McDonald’s corporation was established in 1937 by Patrick McDonald in California. Strengths Technology. McDonald’s corporation is technology sensitive. The corporation is at the forefront of modern technology among fast food retailers (Pearson Education, Inc, 2011). For illustration, the corporation has put in place a cellular technology to allow customers to place their orders online. The corporation has also installed Internet access terminals and Wi-Fi to enhance customers to order online and eventually lessen the lag time involved between ordering time and pick up time. Experienced Market Leaders. In terms of global reach and biggest player, McDonald’s is always conquering markets from its competitors. Due to its immense presence, McDonald’s corporation is able to operate at economies of scale (Mohammed, 2009). The corporation sells its products at relatively low prices attracting more customers due to its cost leadership. In addition to being the largest fast food retailer, the corporation is experienced and understands the market fairly well. Strong Brand Name, Image and Reputation. McDonald’s has strong brand equity, and its image is globally renowned. The corporation image is among the top ten most powerful brand names in the globe. This has a positive impact on the corporation’s sales and share price (Mohammed, 2009). The brand equity is valued around $40 million, and this reputation makes McDonald’s a household name. Special Training for the Managerial Staff. McDonald’s corporation has a training program for its managerial and other employees in a bid to reduce turnover rates and enhance quality. The Hamburger University is an in-house program for specifically training McDonald’s managerial staff (Mohammed, 2009). The trained managers help to run the company towards its growth objectives. Positive and Influential CSR. McDonald’s corporation operates Ronald McDonald’s houses that offer accommodation, food, and child support for needy families requiring extensive hospital care. This corporate philanthropy enhances the corporation’s image further. The corporation also has a golden archway logo and Ronald McDonald clown that is globally acknowledgeable (McDonaldâ €™s Corporation, 2012). Weaknesses Unhealthy Food Image. Although McDonald’s corporation is globally renowned, the corporation has several weaknesses. One of the weaknesses that the corporation grapples with is the aspect of unhealthy food image (Pearson Education, Inc, 2011). The verity that McDonald’s offers fast food has resulted in uproar that the foods are responsible for increased obesity rates among children in the United States. High Employee Turnover/Training Costs. McDonald’s corporation also faces high employee turnover rates. The corporation is cited

Electoral Processes And Governance In The Philippines Politics Essay

Electoral Processes And Governance In The Philippines Politics Essay The first election in the Philippines was held in May 1898 under American rule. 112 years later, there are many parts of the country where elections are characterized with private armies, violence and massive cheating. The failure of the electoral system to conduct fair and clean elections and the massive electoral fraud hinder the purpose of elections to recruit honest and accountable politicians and to integrate society. Also, the legitimacy of the elected government is weak.   Ã‚  Politicians therefore need to garner support from patrons and oligarchs to finance electoral campaigns and to organize voter support. Once elected, they return by giving access to government resources and appointing key allies in the bureaucracy. Among citizens, a widespread view that elected governments coming to power from corrupt electoral procedures does not truly represent their interests. As a result, it is difficult to push for reforms because of weaker government and institutions and stronger v ested interests. History The Philippines was under Spanish rule for more than 300 years. Under this era, the country was ruled by friars and appointed Spanish officials. In 1898, the Philippines declared independence and established the first republic in Asia. In the same year, the Treaty of Paris was signed where control of the Philippines was transferred from Spain to the United States. The Americans introduced democracy, elections and democratic institutions. As a result, the features of the Philippine constitution, legislation, political parties and elections are modeled after the US. Under the US colonial period, Philippine politics was characterized between the interaction of US colonial officers and Filipino politicians. The Americans indirectly control the country by manipulating Filipino politicians to enact American policies. As a result, electoral campaigns did not provide an avenue for public participation. Rather, it was reflective of negotiations between national politicians and provincial elites (Teehankee, 2002). The Philippine commonwealth was established in the 1935 constitution. The constitution provided a presidential form of government with a unicameral National assembly. An amendment in 1940 changed it to a bicameral legislative assembly made of the House of Representatives (lower house) and Senate (upper house). When US colonial rule ended, they left a weak central government and power was fragmented among the provinces with varying degrees. Wealth and power through political connections had overshadowed productivity and programs for national development. Electoral results were not competitive because of the ability of landed elites to control electoral outcomes. Elections for local positions like the lower house allowed landed elites to merge and strengthen their power as showed by their ability to prevent the passage of land reforms (Teehankee, 2002). Elections during the Marcos regime Marcos declared Martial Law in 1972. Elections were suspended in the first 6 years and a new constitution was also established. Marcos changed the Philippine Congress with an Interim National Assembly. An Interim National Legislature (Interim Batasang Pambasa or IBP) was enacted instead because of amendments to the 1971 constitution. An election was held in 1978 to fill positions for the IBP. Marcos dominated the elections with his New Society Movement party (KBL) because opposing groups created parties that focused on regions rather than the national legislature. The Marcos regime managed to give legitimacy to its regime through the conduct of elections. However, there was massive electoral fraud and manipulation of institutions. For example, Marcos allowed block voting system wherein a vote for the party translates to vote for the whole electoral slate. This was a tremendous advantage for the KBL because they had the resources to finance a nationwide electoral campaign. Also, it was easier to tamper ballots and commit fraud. During Marcos term, he tried to centralize power on himself and break the patronage system. He appointed officials not based on merit or patronage but on loyalty to him. He also siphoned the states resources and distributed it to himself and to his cronies. For his critics, he used violence and force. Media companies were closed or under heavy government control. One of his major critics, Benigno Aquino Jr., was assassinated in August 1983. In May 1985, Marcos announced Snap elections to prove or gain political legitimacy. The former elites managed to organize the opposition under Aquinos widow, Corazon Aquino who came from a landed family. The Commission on Elections announced Marcos as the winner in spite of massive cheating. On the other hand, the National Citizens Movement for Free Elections (NAMFREL) an election watchdog announced Corazon Aquino as the president based on their quick count. Marcos dictatorship ended in 1986 through the People Power Revolution. In addition to the military and political figures, the Church was involved in calling and mobilizing people to participate. Marcos and his family eventually fled to Hawaii and Corazon Aquino was sworn as the 11th President of the Philippines. Elections Post-Marcos During Aquinos term, a new constitution was enacted to return to a bicameral legislature and to limit the power of the presidency. For example, a president cannot run for presidency again. Media and press were free and democratic institutions were restored [Bello, 1988]. However, landed elites returned to power after the fall of Marcos and dominated the lower house. The pre-Marcos patronage system was back again. As a result, the Aquino administration failed to effectively conduct Agrarian reform. Aquino was succeeded by Fidel Ramos, a military general in 1992. Ramos attempted to push for political reforms. After all, he had the strong support of the military. However, it was hard to push for reforms because of a weak party system and stronger congress (Hutchcroft and Rocamora, 2003). The Congress was filled with representatives from the same political families. Only 54 representatives had no close relative in politics compared to 145 belonging to political families. At least 64 were children of political figures, 23 had spouses and 46 had siblings active in politics. At the end of Ramos term, a plan to shift to parliamentary system was exposed by the media. These changes would have allowed Ramos to extend his term after 1998. It was heavily opposed by the Catholic Church and former President Aquino for fear that the term extension would be used to serve political agendas (Rocamora, 1988). Estradas Rise and Fall Estrada was sworn into office in 1998 amidst the Asian Financial Crisis. Unlike previous presidents, Estrada was a movie actor so he was popular among the masses who were tired of traditional politicians. His electoral campaign focused on the poor and the aversion of the masses against typical politicians provided victory to Estrada rather than depending on local elites for voter support. However, Estradas promised populist policies and anti-poverty programs never took place (Fabella, 2007). Instead, the benefits were given to Estradas families and cronies. The fall of Estrada started with his involvement in Jueteng, an illegal gambling game popular among the poor. To sustain operation, protection money is paid among protectors who are usually in the local government or in the police. Estrada tried to legalize Jueteng through the Philippine Amusement and Gaming Corporation, a government agency that oversees legal gambling activities. If legalized, the protection money will be central ized to the government and franchise holders. Local operators and receivers of Jueteng money will be out of the picture. Luis Chavit Singson, a governor and rumored Jueteng operator could not accept such outcome because the franchise for his area was not given to him. Chavit exposed Estradas involvement to Jueteng which led to an impeachment case. Public uproar started when the senate which was dominated by Estradas allies refused to open the second envelope which was thought to contain strong evidence against Estrada. People went to the streets again and People Power II occurred which led to the downfall of Estrada.   Arroyo Administration Gloria Macapagal-Arroyo (GMA) took over the presidency after Estradas downfall. While finishing Estradas term, she experienced the Oakwood Mutiny and Jose Pidal scandal where a bank account containing US$8 million was allegedly owned by her husband. The money was supposedly a payment to then senator Arroyo to prevent her from running for presidency in the 1998 elections. Ignacio Iggy Arroyo, the brother of Arroyos husband announced his ownership of the controversial bank account. He faced tax evasion charges which were eventually ruled out due to legal technicalities. The scandal died and was later elected as congressman. After finishing Estradas term, Arroyo ran for presidency in spite of her prior announcement that she would not. She won by a slow margin of 1 million votes against Fernando Poe Jr., a movie actor and presidential candidate of the opposition. Arroyo was accused of electoral fraud and Poe filed an electoral protest. The congress mooted the electoral protest because of Poes death. However, it heavily weakened Arroyos legitimacy because she used state resources to fund her electoral campaign. Another strong attack against Arroyos presidency came from leaked tapes of her talking to Comelec Commissioner Virgilio Garcilliano which the media named as Hello Garciscandal. The leaked tape featured a womans voice similar to Arroyo asking for one million votes and an assurance of victory. In the beginning, the Malacanang palace denied the issue but was later retracted. Arroyo admitted and apologized in front of national television. She insisted that there was no cheating and she just wanted to protect her votes. Arroyo successfully finished her term in 2010 but not without challenges and controversies. She ran for lower congress in 2010 and won. Discussion The weakness of the electoral process could bring problems of legitimacy and weak position of the central government to push for reforms. The fragility of the electoral process could be traced from the failure of state agencies to be independent and enforce the rule of law. The Commission on Elections (Comelec) is an independent constitutional body that manages the elections and is mandated to give life and meaning to the basic principle that sovereignty resides in the people and all government authority emanates from them. Through the years, the commission has been involved in electoral scandals, has failed to strictly enforce electoral laws and has been accused of siding with the administration. In 1986 SNAP Elections, the Comelec announced former President Ferdinand Marcos as president in spite of massive electoral fraud. Another incident was the 2004 Hello Garci controversy under Arroyos term.   In 2006, the Supreme Court nullified the contract for the automation of the canvassing and counting of ballots between the COMELEC and Mega Pacific eSolutions Inc because the law and bidding rules were not followed. In 2007, the then Chairman Benjamin Abalos was involved in the ZTE-National Broadband Network deal where he was said to pocket in millions (US D) if the project was pushed through. The controversy eventually led to his resignation. The Comelec also fall shorts to provide fast and reliable solutions for electoral process because of huge costs and bribery in the courts. The poor track record and lack of credibility of the Comelec prove its inability to enforce the rules which influences the conduct of Philippine politics. The Comelec also failed to ensure a level playing field in the electoral process because of weak law enforcement. Winning became dependent on money, force and violence and not on programs and platforms. The growing costs of campaign expenses deter effective participation. Those who run are rich or have wealthy financiers. This provides an incentive for corruption to recoup the costs of electoral campaign and return favors from supporters. Also, it can result to political dynasties. The current president, Benigno Aquino III and his defeated running mate Sen. Manuel Roxas II both came from influential political families namely the Cojuangco-Aquino and Araneta-Roxas-Fores clans. Their reported campaigns for the 2010 elections cost P440 million and P280 million respectively. Antonio Cojuangco, Aquinos second cousin and a rich businessman, reportedly donated P100 million in his campaign. However, their election finances estimate were very much in doubt and were said to be much higher beca use they used television and radio in their electoral campaign which were very expensive. Former President Gloria Arroyo also came from a political clan and was a daughter of a former president. Her sons were congressmen during her term. In addition to financial support, politicians also seek the endorsement of organizations such as the Makati Business Club, Catholic Bishops Conference of the Philippines (CBCP) and the Iglesia ni Cristo (INC). The first is sought for their campaign contributions. The CBCP and INC are religious organizations and are believed to command influence on voters. For example, INC is believed to vote as a block and is estimated to deliver 5-8 million votes. In addition to money and endorsements, Philippine elections are filled with election related violence. The latest of which that brought the Philippines to the international arena was the Maguindanao Massacre which killed 57 people. Once elected, the core strength of the president is from his appointing power and control over government funds. The benefits received from supporters during the campaign are paid in return through endowment of huge government contracts and positions in key government agencies. Appointed officials could also appoint their staff. This kind of system results to a far reaching and deep source of patronage. As a result, the government has a weaker capacity to push for reforms because it has to satisfy vested interests. An example would be Estrada. The legalization of Jueteng will bring huge sums of money to the government or to his allies. However, because Chavit was left out of the picture triggered his downfall. Corazon Aquino could have successfully pushed for agrarian reform because of the momentum during her presidency. The law for agrarian reform was passed but has failed to translate into results because it was against the interest of the landed elites in congress. Conclusion The Philippines has a lot to improve in its conduct of elections. Because the electoral process is easily manipulated through money and violence, the politicians elected have most of time always been the same from political clans or landed elites. It also deters participation from new leaders and it does not become representative of the people. The presidents that have passed post-Marcos have cronies, friends or allies to satisfy. As a result, the Philippines have been left behind by her neighbors in the road to Economic growth. A step to improve the electoral process, the Philippines had its first electronic voting system in 2010. Although electoral fraud still exist which critics argue are harder to trace and easier to do, it is still a step forward compared to manual canvassing from the local precinct station to the Congress. There is also a pressing need to improve civil service. This includes putting deserving people in the job because of merit and competency and not connections. This implies that the central government must reduce its appointment of officials and start paying government employees well. It is also important to strengthen the independence of the Judiciary system and the Ombudsman. In the Philippines, the chief magistrates of the Supreme Court are appointed by the president so there is a conflict of interest in times when the president who appointed them is accused. Resolution on electoral disputes should be fast and credible. Lastly, the public should demand more accountability from the Comelec and politicians themselves. In spite of the shortcomings of the electoral process, it is still better to exercise their right to vote.

Basic Device and Security Configuration Essay

When designing a network there are basic network and security configurations that one needs to consider. Choosing a hostname for each device is very important, this allows the user to know what device they are working on. Configuring interfaces with a proper IP, subnet, and descriptions are part of the basic configuration of a network device. One needs to consider the security setting for the network devices. There are some basic configurations that one can choose to use in their configuration. Passwords and a username should be used for consoling and remote access to any network device. Enable passwords and encrypting those password are best practice’s for any engineer. Configuration of a username and password for virtual lines, will help in keeping unwanted persons out of your network device along with, a banner upon logging into a device. Banners are messages that will display a warning to any unauthorized person looking to access the device. Shutting down unused ports in a switch, will keep unwanted clients of the network and people from just plugging a laptop into the port for access. Remote access is something to think about when configuring a device. SSH (Secure Shell) and telnet are two network protocol used to remote access to a device. SSH is a more secure application that uses higher encryptions of data then telnet does. To generate the SSH key the use of crypto key generate rsa is used with a 1024 bit key, creates the most secure key. Remote access is a concern to any engineer and should be taken with the highest priority. Commands Used in Basic Device Configurations CLI commands that are used in a switch and in a router are the same. Most CLIÂ  commands are configured in the global configuration mode. It’s always good practice to start with the command erase startup-config, which resulted in the saved NVRAM configuration to be erased. Setting the appropriate hostname for the device is the command hostname {name}. By naming ones device, this will let the user know what device they are working in. Passwords helped secure the device for the enable mode, consoling into the device, and remote access. To set a password to access the enable mode, one need to use the command enable secret {password}. The configuration of a password for consoling into a device, one needs to be in the line con 0 mode and use the command password, the same command is used for remote access but in the line vty 0-15 mode. When using the enable secrete command, the passwords are displayed in clear text. For more security, service password-encryption is used encrypt the password when a show run command is used to display the running configuration. Enabling SSH version 2 is a better choice than version 1. SSH version 2 has stronger cryptographic integrity check and supports password changing. If one configurators their device to support SSH, then there are several commands that need to be configured. A username {name} password {password} command needs to be assigned. The ip domain name domain {mycompany.com} command is used, followed by crypto key generated rsa command. When the engineer types that command the IOS will prompt one for the number of bits. 512 is the default, however, one can choose a larger number and 1024 bits is recommended. The RSA encryption key is used for authentication and encryption of the SSH data. The transport input telnet ssh command allows telnet and ssh on the virtual lines by being configured in the line vty 0 -15 mode. The interface range {interface}-{interface} command is used to make changes in the interface range. One can use this command to shut down all unused ports in a switch. Lastly, the copy run start command was used to copy the recent running configuration to the startup configuration.

Concept of Present Value

WHY IS THE CONCEPT OF PRESENT VALUE SO IMPORTANT FOR CORPORATE FINANCE? The importance of concept of present value to the world of corporate finance is that present value calculations are widely used in business and economics to provide a means to compare cash flows at different times. Present Value’s definition and simplistic formula used for normal purchases, the concept’s importance to corporate finance and why present value is the very first topic taught in finance classes explain that present value is an essential knowledgeable tool to ensure we make the best decisions with our money. However, first, What Does Present Value – PV Mean? Present value is â€Å"the current worth of a future sum of money or stream of cash flows given a specified rate of return. Future cash flows are discounted at the discount rate, and the higher the discount rate, the lower the present value of the future cash flows. Determining the appropriate discount rate is the key to properly valuing future cash flows, whether they are earnings or obligations. † Through the definition itself, an importance to corporate finance is explained as well as why professors begin a finance course with a basis explanation in the time value of money – discounting and investment risk included. In more detail, capital investment decisions are long-term corporate finance decisions relating to fixed assets and capital structure. Decisions are made with several criteria to consider, and where corporate management seeks to maximize value in the firm by the correctly calculated net present value when valued using an appropriate discount rate. It would be beneficial on a personal level for the following reasons; â€Å"Learning how to use a financial calculator to make present value calculations can help you decide whether you should accept a cash rebate, 0% financing on the purchase of a car or to pay points on a mortgage. Present value could often the first topic taught in any finance class, due to the fact that knowledge of this formula can be used for basic financial planning that will lead to larger level strategy – making the best company investment decisions. Now, on to the fun stuff that is so anxiously taught in class – the problems and formulas. 2a. $500 i f invested for five years at a 4% interest rate: FV = 500 (1 + . 04)^1) = 500 (1. 04) = $520. 00 FV = 520 (1 + . 04)^2) = 520 (1. 0816) = $540. 80 FV = 540. 80 (1 + . 04)^3) = 540. 80 (1. 124864) = $562. 43 FV = 562. 43(1 + . 04)^4) = 562. 43(1. 169859) = $584. 3 FV = 584. 93(1 + . 04)^5) = 584. 93 (1. 216653) = $608. 33 End of Year12345 Principal$500. 00$520. 00$540. 80$562. 43$584. 93 Interest$20. 00$20. 80$21. 63$22. 50$23. 40 Total$520. 00$540. 80$562. 43$584. 93$608. 33 2b. $150 if invested for three years at a 9% interest rate: FV = 150 (1 + . 09)^1) = 150 (1. 09) = $163. 50 FV = 163. 50(1 + . 09)^2) = 163. 50(1. 1881) = $178. 22 FV = 178. 22 (1 + . 09)^3) = 178. 22 (1. 295029) = $194. 25 End of Year123 Principal$150. 00$163. 50$178. 22 Interest$13. 50$14. 72$16. 04 Total$163. 50$178. 22$194. 25 2c. $9100 if invested for seven years at a 3% interest rate: FV = 9100 (1 + . 03)^1) = 9100 (1. 03) = $9373 FV = 9373 (1 + . 03)^2) = 9373 (1. 0609) = $9654. 19 FV = 9654. 19 (1 + . 03)^3) = 9654. 19 (1. 092727) = $9943. 82 FV = 9943. 82 (1 + . 03)^4) = 9943. 82 (1. 12550881) = $10242. 13 FV = 10242. 13 (1 + . 03)^5) = 10242. 13 (1. 15927407) = $10549. 39 FV = 10549. 39 (1 + . 03)^6) = 10549. 39(1. 1940523) = $10865. 88 FV = 10865. 88(1 + . 03)^7) = 10865. 88 (1. 22987387) = $11191. 85 End of Year1234567 Principal$9,100. 00$9,373. 00$9,654. 19$9,943. 82$10,242. 13$10,549. 39$10,865. 88 Interest$273. 00$281. 19$289. 63$298. 31$307. 26$316. 48$325. 8 Total$9,373. 00$9,654. 19$9,943. 82$10,242. 13$10,549. 39$10,865. 88$11,191. 85 2d. $1000 if invested for ten years at a 0. 5% interest rate: FV = 1000 (1 + . 005)^1) = 1000 (1. 005) = $1005 FV = 1005 (1 + . 005)^2) = 1005 (1. 010025) = $1010. 03 FV = 1010. 03 (1 + . 005)^3) = 1010. 03 (1. 01507513) = $1015. 08 FV = 1015. 08 (1 + . 005)^4) = 1015. 08 (1. 020150501) = $1020. 15 FV = 1020. 15 (1 + . 0 05)^5) = 1020. 15 (1. 02525125) = $1025. 25 FV = 1025. 25 (1 + . 005)^6) = 1025. 25(1. 03037751) = $1030. 38 FV = 1030. 38(1 + . 005)^7) = 1030. 38 (1. 0355294) = $1035. 53 FV = 1035. 53 (1 + . 05)^8) = 1035. 53 (1. 040707) = $1040. 71 FV = 1040. 71 (1 + . 005)^9) = 1040. 71(1. 0459106) = $1045. 91 FV = 1045. 91(1 + . 005)^10) = 1045. 91 (1. 0511401) = $1051. 14 End of Year12345 Principal$1,000. 00$1,005. 00$1,010. 03$1,015. 08$1,020. 15 Interest$5. 00$5. 02$5. 05$5. 08$5. 10 Total$1,005. 00$1,010. 03$1,015. 08$1,020. 15$1,025. 25 End of Year678910 Principal$1,025. 25$1,030. 38$1,035. 53$1,040. 71$1,045. 91 Interest$5. 13$5. 15$5. 18$5. 20$5. 23 Total$1,030. 38$1,035. 53$1,040. 71$1,045. 91$1,051. 14 Present Value – 3a. $7700 to be received three years from now with a 5% interest rate PV = 7700 / (1 + . 05) ^ 3 = 7700 / (1. 157625) = $6651. 55 3b. $1500 to be received five years from now with a 7% interest rate PV = 1500 / (1 + . 07) ^ 5 = 1500 / (1. 4025517) = $1069. 48 3c. $7200 to received two years from now with an 11% interest rate PV = 7200 / (1 + . 11) ^ 2 = 7200 / (1. 2321) = $ 5843. 68 3d. $ 680,000 to be received eight years from now with a 9% interest rate. PV = 680000 / (1 + . 09) ^ 8 = 680000 / (1. 9925626) = $341269. 07 Time Value of Money – Annuities 4. Present Value – Annuity / Suppose you are to receive an annuity of $3000 every year for 3 years @ 3% interest rate. PV = PVAF(r,n)*CF PVAF(r,n) = 1/r – 1/[r*(1+r)^n] (33. 33 – 30. 50472 = 2. 828611) PV = 2. 828611*3000 PV = $ 8485. 83 5. Future Value – Annuity / Suppose you receive a payment of $5000 every year for 3 years, depositing into a bank that pays 2% interest. FV = CF * FVAF (r,n) FVAF(r,n) = 1/r – 1/[r*(1+r)^n] (50 – 47. 11612 = 2. 883883) FV = 5000 * 2. 883883 FV = $14419. 42 REFERENCES Anonymous (2010). Investopedia. com. Present Value. Retrieved on 5 Apr 2010 @ http://www. investopedia. com/terms/p/presentvalue. asp 2 Megginson, William (2008). Corporate Finance. Stamford: Thomson Learning. P. 86. Anonymous (2010). Investopedia. com. Explaining Present Value-PV. Retrieved on 5 Apr 2010 @ http://www. investopedia. com/terms/p/presentvalue. asp 4 Anonymous (n. d). FinanceProfessor. com. Future Value. Retrieved on 3 Apr 2010 from http://www. financeprofessor. com/fiancnenotes/introductoryfin/presentvalue. htm 5 Anonymous (n. d). FinanceProfessor. com. P resent Value. Retrieved on 3 Apr 2010 from http://www. financeprofessor. com/fiancnenotes/introductoryfin/presentvalue. htm 6 Anonymous (2008). The Time Value of Money. Retrieved on 4 Apr 2010 from http://www. econedlink. org/lessons/index. cfm? lesson=EM37

Answers to Common Questions About Making Slime

Here are answers to common questions about making slime, concerning slime ingredients, coloring slime, and storing slime: Making Translucent or Opaque Slime Basically, your slime will be about as transparent as the glue you use to make it. If you use white school glue, then your slime will be opaque. If you use translucent clear or blue glue gel (or another see-through color), then your slime will be translucent. Mixing Slime Solutions in Advance You can prepare the borax and glue solutions days or weeks before actually making the slime. How to Color Slime If your glue is tinted, then your slime will be colored. You can mix food coloring in with either slime-making solution. You can also add glitter or other decorations. Slime's Shelf Life Slime doesnt go bad, but you might want to toss it if it develops mold or dries out. Refrigerated slime, kept in a sealable plastic bag, should last for a couple of weeks, though even unrefrigerated bags have lasted much longer.