In your junior year, you have been elected presi-dent of your student engineering organization on campus. A computer and color printer are needed to support activities planned for the fall and spring semesters. You can lease a fully equipped system for $800 per month or purchase one for $8500 now and pay a $75 per month maintenance fee. If the nominal interest rate is 15% per year, determine the months of use necessary for the two options to break even using (a) tabulated factors, and (b) a single-cell spreadsheet function. (c) Not knowing what the next president will want, you use a 9-month study period. Which option is economi-cally better

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match the scenarios with terms related to financial aid.

pell grant

student loan

merit-based scholarship

richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

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anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

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nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

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