To complete this assignment follow the instruction below.
1. Go to Google.com and search for calculator OR click here
2. The first box already contain the numbers required for you to calculate and get the first answer so all you have to do is type the formula into the calculator exactly as it is displayed and click equal to get the answer.
3. If you look at the top where it says Formula you will see a formula for calculating the return on investment that looks like this:
Formula: ((45 years of work - Average years of training) * Median salary) - Total Educational Cost w. Interest = Lifetime Net Income
4. On the second box, the required number is already filled in for you, so all you need to do is put it into the calculator to get the answer.
5. On the third box, it is asking you to find the Average years of training, the Median salary, and the Total Education Cost with Interest for an Advanced Degree before you can calculate the Return on Investment. If you look at the box below the formula box, you will see there is a median salary for an Advanced Degree that is already given to you (59,280), all you have to do is put this number into the second blank.
For the first blank the average years of training for an advanced degree is 6 years so go ahead and put 6 on the first blank.
For the third blank, you will have to go to a search engine like Google and search for a master degree program that is related to your chosen field and find out what the cost is for a master degree program at a college or university of you choice and put that number into the third blank. Every master degree has a different price depending on what college or university offers the program. This number is different for everyone.
Now input the formula in the third box into the calculator to find your third answer.
At the bottom of page one, just replace Answer 2-Answer 1 with the number you got above and use your calculator to find out the Return on Investment
Do the same for the box that says Answer 3 - Answer 1 to find the answer.
6. On page 2, all you have to do is input the answers you got on page 1 into the formula and use the calculator to find the answer.
Example: Lets say I got 2,000,000 for answer one. I would put in ((45)*2,000,000) and press Equal to find out the answer. Which in my case is about 9,000,000.
Use the example above to complete answer 2, 4, 6, and 8 on page 2.
In the middle section (like the one that is displayed below). You will need to go into your MyPACE account, click on Occupation, and look up a career that requires the credential that is displayed, and write down the name and the median salary for each box.
Example: Lets say I found a construction job online in my MyPACE account that only require a high school diploma and the median salary is 30,000 dollars a year, I would put down the name of the job in the blank that says Title: and the number 30,000 in the Answer 1: blank.
7. To complete Answer 9, 10, and 11 at the bottom of the page, all you have to do, is input the number you got for in the middle section (step 6), and use the calculator to find the answer.
