Homework SourseA detailed explanation of any information learned about 1 Sc
A detailed explanation of any information learned about:
1. School Type for each major;
2. The Cost for each major;
3. The 30 Year ROI for each major;
4. The Annual % ROI for each major.
Engineering major:
School Type
Cost
30 Year ROI
Annual ROI
Private
$221,700.00
$2,412,000.00
8.70%
Private
$213,000.00
$2,064,000.00
8.30%
Private
$230,100.00
$1,949,000.00
7.90%
Private
$222,600.00
$1,947,000.00
8.00%
Private
$225,800.00
$1,938,000.00
8.00%
Public
$87,660.00
$1,937,000.00
11.20%
Private
$224,900.00
$1,915,000.00
7.90%
Private
$221,600.00
$1,878,000.00
7.90%
Public
$125,100.00
$1,854,000.00
9.80%
Private
$215,700.00
$1,794,000.00
7.90%
Public
$92,530.00
$1,761,000.00
10.60%
Private
$217,800.00
$1,752,000.00
7.70%
Public
$89,700.00
$1,727,000.00
10.70%
Private
$229,600.00
$1,716,000.00
7.50%
Public
$101,500.00
$1,703,000.00
10.20%
Public
$115,500.00
$1,694,000.00
9.70%
Public
$104,500.00
$1,690,000.00
10.10%
Public
$69,980.00
$1,685,000.00
11.50%
Private
$219,400.00
$1,676,000.00
7.60%
Public
$64,930.00
$1,668,000.00
11.70%
Business Major:
School Type
Cost
30 Year ROI
Annual ROI
Private
$222,700.00
$1,786,000.00
7.70%
Private
$176,400.00
$1,758,000.00
8.40%
Private
$212,200.00
$1,714,000.00
7.80%
Public
$125,100.00
$1,535,000.00
9.10%
Private
$212,700.00
$1,529,000.00
7.40%
Public
$92,910.00
$1,501,000.00
10.10%
Private
$214,900.00
$1,485,000.00
7.30%
Private
$217,800.00
$1,483,000.00
7.20%
Private
$225,600.00
$1,444,000.00
7.00%
Private
$217,300.00
$1,442,000.00
7.10%
Private
$226,500.00
$1,441,000.00
7.00%
Private
$215,500.00
$1,438,000.00
7.20%
Private
$223,500.00
$1,428,000.00
7.00%
Private
$226,600.00
$1,414,000.00
7.00%
Private
$189,300.00
$1,397,000.00
7.50%
Public
$89,700.00
$1,382,000.00
9.90%
Public
$87,030.00
$1,376,000.00
10.00%
Private
$218,200.00
$1,343,000.00
6.90%
Private
$229,900.00
$1,339,000.00
6.70%
Private
$148,800.00
$1,321,000.00
8.10%
Best College ROI by Majo 2013: Payscale.com
| School Type | Cost | 30 Year ROI | Annual ROI |
| Private | $221,700.00 | $2,412,000.00 | 8.70% |
| Private | $213,000.00 | $2,064,000.00 | 8.30% |
| Private | $230,100.00 | $1,949,000.00 | 7.90% |
| Private | $222,600.00 | $1,947,000.00 | 8.00% |
| Private | $225,800.00 | $1,938,000.00 | 8.00% |
| Public | $87,660.00 | $1,937,000.00 | 11.20% |
| Private | $224,900.00 | $1,915,000.00 | 7.90% |
| Private | $221,600.00 | $1,878,000.00 | 7.90% |
| Public | $125,100.00 | $1,854,000.00 | 9.80% |
| Private | $215,700.00 | $1,794,000.00 | 7.90% |
| Public | $92,530.00 | $1,761,000.00 | 10.60% |
| Private | $217,800.00 | $1,752,000.00 | 7.70% |
| Public | $89,700.00 | $1,727,000.00 | 10.70% |
| Private | $229,600.00 | $1,716,000.00 | 7.50% |
| Public | $101,500.00 | $1,703,000.00 | 10.20% |
| Public | $115,500.00 | $1,694,000.00 | 9.70% |
| Public | $104,500.00 | $1,690,000.00 | 10.10% |
| Public | $69,980.00 | $1,685,000.00 | 11.50% |
| Private | $219,400.00 | $1,676,000.00 | 7.60% |
| Public | $64,930.00 | $1,668,000.00 | 11.70% |
Solution
The school type for each major is private.
For both the majors there are three columns COST, 30 year ROI and Annual ROI.
Now, ROI means returns on investment. The formula to obtain ROI is:
ROI=(Gain from investment-Cost of investment)/Cost of investment
To obtain Annual ROI divide ROI by duration of investment.
