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Real-Life Math

You are a bankruptcy trustee running your own private practice. You are always very interested in analyzing bankruptcy trends in your area, since your income depends on the number of cases you get. By analyzing the number of bankruptcies in the past, you can predict future trends with a degree of accuracy.

Your local government has just released a new chart showing the trends over the past 5 years. You study it with great interest.

The chart is based on the number of bankruptcies per 1,000 population in your town.

Here is the chart:

PersonalCorporateSecured
20082.11.12.0
20073.41.82.3
20061.91.51.3
20052.42.02.2
20043.02.42.7

What does the chart mean to you?

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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.