Education in the Times: An Analysis of Appropriated Money Woes in 1892 Education has served as a major theme in American life since the founding of this great nation. It has served as a vital building block for success and prosperity and has lead to a nation of some of the greatest masterminds of the arts, sciences, and technology. Education was set up as a national priority by our forefathers. Written into many major and binding documents are guidelines for education and educational reform has plagued many decades as each generation strives to better the system for those who will come after them. ON January 6, 1892 the New York Times published a pieces on the appropriation of funds for libraries in public education institutions. libraries, a vital part of the learning process, were on of the first public entities. A system of borrowing books was a novel and vital part of early American life and were quickly and easily integrated into the American system of education. (insert closing sentence) The 1892 New York Times article, titled, Public School Libraries- Effort to be Made to have the Funds Property Expended, details the problem in education with the appropriation of money to institutions for the purpose of advancing their technology, expanding their repertoire and bettering facilities, however the division of the money has been illy split in previous years, leading to poor use of the funds. District heads in the state of New York have repeatedly said that funds appropriated for the use in advancing libraries are often used for other purposes such as teacher wages and school expenses. The difference is large, citing over a million dollars appropriated towards libraries but used for other purposes. The goals of libraries has always remained the same, to educate to masses and provide and inexpensive way for them to gain knowledge. The article goes on to elaborate between the relationship between public schools and libraries and the precedent set by New York State when the two were joined. In every public New York State school and a library can be found accompanying each school. The state of New York appropriates somewhere between 50 and 55 thousand dollars to this fundamental cause each year and the poor appropriation of these funds reflects poorly on the schools as well as the legislature for not paying closer attention to the use of the funds and appropriating appropriately. Education has served as a cornerstone for the people of the United States since its inception. Benjamin Franklin and many of the other national innovators felt it was a vital part of our nation and the emphasis they put on education helped make The United States a leader in the education of its youth. Reformation has served as a major theme of this course of history. People throughout history have translated the feelings they have regarding issues pertaining education into action because there has always been a major emphasis on education. The New York Times addresses a point which is often seen in early and somewhat unproductive governments. The examples stems from a major issues with monitoring of government funds. The intent is there but the ability to monitor and control is lacking and unlike many causes which go without being noticed, public funds for the sake of education generally do not. This example can been seen in other cases, for instance back peddling for government funds to attain construction bids, improper use of funds for personal gains, all familiar scenarios seen throughout history which serve as major barriers to productivity. The New York Times served as one of America’s foremost newspapers. It was always greeted with the task of presenting on the most notable news of the times and represents a cultural need for pertinent information. While this article on appropriations of state money may seem small in the larger scheme of world news it does relate to the history course in many way. It is often the small things…
some future value. The parameter i is the periodic interest rate that an
account pays. The parameter INT is the dollars of interest earned each period. FVn
(future value) is the ending amount in an account, where n is the number of periods
the money is left in the account. PVAn is the value today of a future stream of equal
payments (an annuity) and FVAn is the ending value of a stream of equal payments,
where n is the number of payments of the annuity. PMT is equal to the dollar amount
IS HALLOWEEN A WASTE OF TIME AND MONEY?
Halloween is a tradition in Canada and North America. It is celebrated every October 31. Children enjoy trick-or-treat and adults prefer going to parties. Others enjoy decorate their houses and wait for children to give them candies. No matter how people prefer to celebrate but many expect that day to have a good time. In my opinion, Halloween is not a waste of time and money for four reasons.
First, in Halloween, children love dressing up as superheroes…
year, the beginning amount, interest portion and ending balance all decrease and the only number that increases is the amount of the payment that is paid towards the principal.
Comparing this table to the TVM (time value of money) shown in the other tables, we can see the application here is that $100,000 today (with the given loan parameters) is equal to $118,698.2 in five years. In table 2.1 the future value of a $100 payment is used to understand the value of that…
an immediate college education is the best and only option. There are those who say that yes students can go and work for a short time and that yes they should enjoy a little time off but that the only smart decision is the one where you start your life sooner and skip all the procrastination all together. These people that view this as the only plausible option for a good future often beg the question as to what can possibly be the value of not continuing a college education. Now, though these opinions…
Time value of money
Cost of capital
Net present value (NPV)
Discounted cash flow (DCF)
1. Understand the difference between simple interest and compound interest and be able to calculate both.
2. Calculate expected investment return based on the probability of various returns. .
3. Calculate the value of a contract by applying present value analysis.
Time Value of Money
• Cash flows include:
– Future cash revenue
– Any future savings in ongoing cash operating
– Any future residual value of the asset
Time Value of Money
• Invested money earns income over time
• Cash received sooner preferred over being
Time Value of Money Factors
– Principal amount (p)
• Single lump sum
– Number of periods (n)
– Interest rate (i)
• Simple interest
• Compound interest
Simple Interest Calculation
April 25, 2015
College: A Waste of Time and Money
The birth of the Internet in our society has made communication instantaneous. The way we share data and information has been completely revolutionized. To understand the issues arising in the modern college education system, the reason colleges were started must first be understood. A college is defined as a “part of an American University that offers courses in a specified subject” (Merriam-Webster)…
the nearest tenth percent)
10.1.57/1.57 points | Previous AnswersSmithNM12 11.2.059.
Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings
account is depleted, and they will need to borrow money in order to buy a new one. Sears offers
them an installment loan at 16% (add-on rate). If the refrigerator at Sears costs $1,568 plus 5%
sales tax, and Karen and Wayne plan to pay for the refrigerator for 3 years, what is the monthly
Managerial Finance – Problem Review Set – Time Value of Money
Suppose an investor plans to invest a given sum of money. She can earn an effective annual rate of 5% on Security A, while Security B will provide an effective annual rate of 12%. Within 11 years' time, the compounded value of Security B will be more than twice the compounded value of Security A. (Ignore risk, and assume that compounding occurs annually.)
The present value of a future…