Sunday, February 21, 2010

Week 4

Week 4 was a week of 4 exams. Hopefully that phoneomenon doesn't occur in the comming weeks (7 exams in week 7?!?). What with all those exams, the amount of new material covered was pretty limited (though that seems to be a reoccuring trend in these little entries)...

Calc III: we drew more pretty pictures... and still no real Calculus! My soul panneth for a double integral!

English: we are doing a research project for the rest of the semester, and are currently selecting our topics. I'm leaning twords Vatican II.

Interest Theory: nothing new. The class got murdered by a difficult test: my 83% was the 3rd highest score in the class. Our professor appologized profusely, saying that he lost a fair amount of sleep after he saw how poorly we did (he was scared we'd all drop out of the class. Nobody did). After steping away from the monster test I got a bit of a better grip on it. Here was one problem:

[insert politically correct name here] takes out a $100 loan from PayDay Loans and pays $115 in 2 weeks. If the $15 is understood to be interest convertible daily, how long would it take for a $100 loan to grow to $500,000 at that interest rate.

The answer: 853 days (about 2 years and 3 months)
The moral: stay away from PayDay Loans

Economics: *yawn*... *snooze*... -- those are the typical sounds heard in class. It's not that the material is boring (it's really intersting!), but it's being govered ssssoooo sssslllllooooowwwwwlllllyyyyy!

Accounting: were getting into managerial accounting, which deals with helping big wigs in buisness make decisions. To that end, we learned how to classify production costs...

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