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AVG. SALARY

$49,770

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EDUCATION

Master's degree

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JOB OUTLOOK

Stable

Real-Life Activities

Real-Life Math -- Solution

Divide $15,500 into 12 months.

$15,500 / 12 = $1,291.67
12 months divided into quarters = 3 months to a quarter
3 months x $1,291.67 = $3,875.01 per quarter

Each quarter, you would receive $3,875.01.

What about the photograph collection?

$3,875.01 x 25 percent (or 0.25) = $968.75

You spent $968.75 on the photograph collection.


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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.