1. Expenses for Joey's college attendance next year are as follows (in $): Tuition=8400 Dormitory = 5400 Meals-Unif(900,1350) Entertainment -Unif(600, 1200) Transportation -Unif(200,600) E -Unif(400,800) Here are the income streams the student has for next year: Scholarship = 3000 Parents = 4000 Waiting Tables -Unif(3000,5000) Library Job -Unif(2000,3000) Use Monte Carlo simulation to estimate the expected value of the loan that will be needed to enable Joey to go to college next year.

1. Expenses for Joey's college attendance next year are as follows (in $): Tuition=8400 Dormitory = 5400 Meals-Unif(900,1350) Entertainment -Unif(600, 1200) Transportation -Unif(200,600) E -Unif(400,800) Here are the income streams the student has for next year: Scholarship = 3000 Parents = 4000 Waiting Tables -Unif(3000,5000) Library Job -Unif(2000,3000) Use Monte Carlo simulation to estimate the expected value of the loan that will be needed to enable Joey to go to college next year.

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter5: Gross Income: Exclusions

Section: Chapter Questions

Problem 34P

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