Kaplan University MM 255

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MM 255 Unit 1 Instructor Graded Assignment

The Instructor Graded Assignment is a different and completely separate
Assignment from the MML Graded Practice, which is an online Assignment in MML
that provides practice in solving problems related to the unit concepts. The
Instructor Graded Assignments for each unit contain problems that will give you
practice with calculations for the topics covered in each unit. Some of these
Assignments will require writing an essay to include discussion about those
problems in the unit
Directions for the Instructor Graded Assignment
Go to Doc Sharing found on the top menu of the course, scroll down to Unit 1
Instructor Graded Assignment and click the link. The document is a template that
you will complete for this Assignment and also includes the instructions for you to
follow. All of your work will be done in this template. When you complete this
Assignment, you will need to rename the document, save it in a place where you
can find it, and then upload it to the unit Dropbox.
All Assignments are due by Tuesday at 11:59 PM ET of the assigned unit.
Submitting Your Work
Save your Assignment as a Word document with the proper naming convention: first
name lastname-MM255-section-Unit X Assignment (section is your course section; X
is your unit number). Make certain to save your Assignment in a location where you
can find it, such as your desktop. When you are ready to submit it, go to the
Dropbox and complete the steps below:

Click the link that reads: "Submit an Assignment.

In the "Submit to Basket" menu, select Unit 1: Assignment.

In the "Comments" field, make sure to add at least the title of your
Assignment.

Click the Attachments "Add/Remove" button.

Attach your Word document.

Click Submit Assignment.

To view your graded work, come back to the Dropbox or go to the Gradebook after
your instructor has evaluated it.
http://www.justquestionanswer.com/viewanswer_detail/MM-255-MM-255-MM255Unit-1-Instructor-Graded-Assignment-T-27838

MM 255 Unit 2 Discussion

Proportions and Electricity
Question 1:
Proportions are also a valuable tool in business. If the time it takes to do a task is
directly related to the cost the business has to charge for that task, any task can be
evaluated for the cost. Set up a proportion and solve it to demonstrate this type of
business application. (An example might be 5 hours / $20 = 10 hours / x).
Remember that setting the cross products (multiplications) equal, and then solving
for x is the way to solve a proportion.
Question 2:
Equations are used to demonstrate many different things. In the equation C =
0.17x, C stands for cost and x stands for the number of kilowatt hours of electricity
a business might use in a month. Determine the cost of electricity for 1,000, 1,500,
and 3,000 kilowatt hours of usage. Also, show how C / .17 = x is can be used to
determine how many kilowatt hours have been used if you know cost and rate per
kilowatt hour ($0.17). Find an electric bill for your home or apartment and
determine the cost per kilowatt hour, or research your power provider for this
information. Share your findings with the class.
Participation:
Provide two replies to other student posts. The replies can refer to either question.
These replies should be at least 23 sentences and should be written to further the
discussion.
Discussion Best Practices
The Discussion Board is where you post your responses to the Discussion topics and
share your experiences in completing exercises and applying the concepts of this
course. You will need to post an initial response that thoroughly covers the topic(s).
You will also need to respond substantially to at least two of your classmates posts.

These replies should be at least 23 sentences that further the discussion (remark
on something specific from the post, tactfully point out mistakes, ask questions
about the post, etc.). You should post throughout the unit to get assistance on
problems with which you may be having issues. This will also to give your
classmates the opportunity to respond to your ideas.
http://www.justquestionanswer.com/viewanswer_detail/MM-255-MM255-MM-255Unit-2-Discussion-Proportions-and-Ele-27840

MM 255 Unit 2 Assignment

The cost of a pound of meat is $2.50. Jacob has $40.00 to spend on mat and other
Groceries. He $25.00 on meat. How many pounds of meat did he buy?
http://www.justquestionanswer.com/viewanswer_detail/MM-255-MM-255-MM255Unit-2-Assignment-The-cost-of-a-pound-27843

MM/255 Unit 3 Discussion

Simple Interest
The simple interest formula is I = Prt (Interest = Principal * rate * time). This is one
way that interest is calculated on a loan or investment.

Create a loan scenario: Tell a story about the purpose of the loan, who was involved,
and explain the terms and conditions of the loan. Present your scenario to the class;
make sure it includes values for three of the four variables for the simple interest
formula. Do not solve the problem, but let your classmates complete the solution.
Participation:
Provide two replies to other student posts. These replies should be at least 23
sentences and should be written to further the discussion.
Discussion Best Practices
The Discussion Board is where you post your responses to the Discussion topics and
share your experiences in completing exercises and applying the concepts of this
course. You will need to post an initial response that thoroughly covers the topic(s).
You will also need to respond substantially to at least two of your classmates posts.
These replies should be at least 23 sentences that further the discussion (remark

on something specific from the post, tactfully point out mistakes, ask questions
about the post, etc.). You should post throughout the unit to get assistance on
problems with which you may be having issues. This will also to give your
classmates the opportunity to respond to your ideas.
http://www.justquestionanswer.com/viewanswer_detail/MM-255-MM255-MM-255Unit-3-Discussion-Simple-Interest-Th-29046

MM 255 Unit 3 Assignment

Question 1:)
a)
State the simple interest formula and explain how simple interest is
calculated.
b)
Calculate the simple interest for a loan for $39,545 for 3 1/2 years at 7.5%
interest per year. Round to the nearest cent.
c)

How much is owed in total at the maturity date?

Question 2: (10 Points)

2) You decide to take out a loan for $6,000, at 7% yearly interest on the date that
Unit 4 starts. If you repay the loan on December 31st (at the end of the current
year).
a)

Exact time (days) of loan:

b)

Using ordinary interest, calculate the interest and total owed.

c)

Using exact interest, calculate the interest and total owed

3)You decide to take out an ordinary interest loan of $30,000 at 4%, on a 90 day
note.
a)
In 45 days you decide to make a payment of $10,000 on the loan. What is
your new principal? Explain how you got the answer.
http://www.justquestionanswer.com/viewanswer_detail/MM-255-MM-255-MM255Unit-3-Assignment-Question-1-a-29050

MM 255 Unit 4 Discussion

Consumer Credit
Question 1:

Critique the use of bank debit cards. Bank debit cards are becoming a popular
alternative to using checks or credit cards. Investigate the advantages and
disadvantages of using a bank debit card and answer the questions below.
Here are some ideas to consider in your investigation:

Convenience to account holders

Float time

Record of transactions

Financial privacy/safety

Card loss/theft liability

Checkbook balancing

Vendor acceptance

Usage fees by banks

Usage fees by vendors

Ease of administration by banks

Ease of administration by vendors

Where did you get your information?

Was it the most reliable resource? Why or why not?

How could you have improved the reliability of your resource?

How has technology, such as online banking, affected these aspects? Discuss
any pros and cons about the effects of technology on the aspects of reliability.
Question 2:
An installment loan is a loan that has regular payments due by the borrower. Search
the Internet to find an article or application of a type of installment loan that you
find interesting, that you encounter on a daily basis, or that you find in your
profession. Present this article or application to the class and explain why you chose
the example. Find the amount financed, the installment price, and the finance
charge of the installment loan. Include the URL for the site you used. Do not copy
the text in the site verbatim. You should summarize your findings.
Participation:

Provide two replies to other student posts. These replies should be at least 23
sentences and should be written to further the discussion.
Discussion Best Practices
The Discussion Board is where you post your responses to the Discussion topics and
share your experiences in completing exercises and applying the concepts of this
course. You will need to post an initial response that thoroughly covers the topic(s).
You will also need to respond substantially to at least two of your classmates posts.
These replies should be at least 23 sentences that further the discussion (remark
on something specific from the post, tactfully point out mistakes, ask questions
about the post, etc.). You should post throughout the unit to get assistance on
problems with which you may be having issues. This will also to give your
classmates the opportunity to respond to your ideas.
http://www.justquestionanswer.com/viewanswer_detail/MM-255-MM255-MM-255Unit-4-Discussion-Consumer-Credit-Qu-29052

MM 255 Unit 5 Discussion

Compound Interest Value
Question 1:
Explain which of the two options below results in a lower balance after 6 months on
an investment of $6,000.

Annual simple interest of 12% applied at the end of 6 months.

A monthly interest rate of 1% applied at the end of each month and before
the start of the next month. (Compound interest at 12% per year, compounded
monthly.)
Discuss why the two methods result in different results.
In what circumstances might you select one option over another?
Question 2:
An increase in value of any collection is not guaranteed for a variety of reasons. If
you are a collector, please use your own collection to answer the following
questions. If you are not a collector, research to find a collection for your answers.
a. What are some of the factors that could cause the value of your collection to
drop in the future?
b. What questions should an investor ask before investing in anything?

c. If no new memorabilia can be created with an autograph, how does the idea of
scarcity increase the value of an item?
Participation:
Provide two replies to other student posts. These replies should be at least 23
sentences and should be written to further the discussion.
Discussion Best Practices
The Discussion Board is where you post your responses to the Discussion topics and
share your experiences in completing exercises and applying the concepts of this
course. You will need to post an initial response that thoroughly covers the topic(s).
You will also need to respond substantially to at least two of your classmates posts.
These replies should be at least 23 sentences that further the discussion (remark
on something specific from the post, tactfully point out mistakes, ask questions
about the post, etc.). You should post throughout the unit to get assistance on
problems with which you may be having issues. This will also to give your
classmates the opportunity to respond to your ideas.
http://www.justquestionanswer.com/viewanswer_detail/MM-255-MM255-MM-255Unit-5-Discussion-Compound-Interest-V-29061

MM 255 Unit 5 Instructor Graded Assignment

Question 1:
Calculate the future value of an investment of $1,000, after 6 months, earning 6%
APR, compounded monthly, by compounding manually.
Question 2:
Find the future value of a $150,000 Certificate of Deposit that pays compounded
interest every six months at the rate of 4% per year. The CD has a term of 5 years.
Calculate the FV (Future Value) using the Future Value or Compound Amount of
$1.00 table in your textbook.
a )Calculate the FV (Future Value) using the formula: FV = P(1 + R)N
b )How much interest was earned on the investment?
Question 3
You inherit $200,000 and decide to invest it for 28 days compounded daily at 6%
annual interest. After the 28 days, you are going to invest your new found money in
a startup business.

a)

How much interest is earned on this investment?

b)

How much money will you have to invest in the startup after the 28 days?

Question 4:
How much money must be invested into an account paying 6% annually,
compounded annually, to have $500,000 in 25 years when I retire?
a)
Calculate the PV (Present Value) using the Present Value of $1.00 table in
your textbook
b)

Calculate the PV (Present Value) using the formula: PV = FV / (1 +R)N

c)

How much interest did you earn over the life of the investment?

http://www.justquestionanswer.com/viewanswer_detail/MM-255-MM-255-MM255Unit-5-Instructor-Graded-Assignment-Q-29070

MM/255 Unit 6 Discussion

Annuities:
Saving for retirement or a large purchase, such as a house, can be done by
beginning with a small amount per month; as your income increases, the amount
you set aside per month can also increase.
Choose a scenario of savings in a retirement plan such as a 401(k) or an annuity.
Plan a monthly deposit (you choose the amount, but be realistic) for 5 years into an
account that will earn interest at 5%. Find the future value for this account.
Calculate the amount of interest earned on this account.
Then, calculate that same monthly investment amount for 30 years. Calculate the
future value of the investment after the 30 years. Calculate the amount of interest
on this account as well.
Discuss how a small, monthly investment can grow into a substantial amount if you
are consistent and do not touch the funds as they grow.
Participation:
Provide two replies to other student posts. These replies should be at least 23
sentences and should be written to further the discussion.
Discussion Best Practices
The Discussion Board is where you post your responses to the Discussion topics and
share your experiences in completing exercises and applying the concepts of this
course. You will need to post an initial response that thoroughly covers the topic(s).

You will also need to respond substantially to at least two of your classmates posts.
These replies should be at least 23 sentences that further the discussion (remark
on something specific from the post, tactfully point out mistakes, ask questions
about the post, etc.). You should post throughout the unit to get assistance on
problems with which you may be having issues. This will also to give your
classmates the opportunity to respond to your ideas.
http://www.justquestionanswer.com/viewanswer_detail/MM-255-MM255-MM-255Unit-6-Discussion-Annuities-Saving-29072

MM 255 Unit 7 Discussion

Statistics in Business
Do some research, from a reliable source, such as the U.S. Department of Labor (not
a scholastic or school site or Wikipedia) to find an interesting set of data and
present the mean, median, mode, and standard deviation for this data set. In your
initial post, fully explain the information and/or make predictions for the future
based on your findings. For example, if you are using previous sales for your data
set, you might want to predict future sales or suggest wholesale ordering of product
for the business to sell.
Participation:
Provide two replies to other student posts. These replies should be at least 23
sentences and should be written to further the discussion.
Discussion Best Practices
The Discussion Board is where you post your responses to the Discussion topics and
share your experiences in completing exercises and applying the concepts of this
course. You will need to post an initial response that thoroughly covers the topic(s).
You will also need to respond substantially to at least two of your classmates posts.
These replies should be at least 23 sentences that further the discussion (remark
on something specific from the post, tactfully point out mistakes, ask questions
about the post, etc.). You should post throughout the unit to get assistance on
problems with which you may be having issues. This will also to give your
classmates the opportunity to respond to your ideas.
http://www.justquestionanswer.com/question_detail/MM-255-MM255-MM-255-Unit-7Discussion-Statistics-in-Busin-29076

MM 255 Unit 7 Instructor Graded Assignment

Business Statistics
Unit 7 focuses on descriptive business statistics, which is covered in your reading of
Chapter 7: Business Statistics.
You must show your work at all times. The steps for solving each problem must be
explained. Failure to do so could result in your submission being given a 0 grade. If
you have any questions about how much work to show, please contact your
instructor.
Assignments must be submitted as a Microsoft Word document and uploaded to
the Dropbox for Unit 7. Type all answers directly in this Assignment below each
question.
All Assignments are due by Tuesday at 11:59 p.m. ET of the assigned unit.
Available Resources
One of the benefits of attending here at Kaplan is that we have a tremendous
amount of resources available for you. If you find yourself having difficulties
completing this exercise consider taking advantage on one or more of the following
resources:
1.
Textbook: The textbook reading assigned for each unit includes the topics and
calculation details for each type of problems you will complete.
2.
LiveBinders: In the LiveBinder for the unit, you will find more informationon
unit topics, example problems, and video content on the units topics. To access the
LiveBinder for a unit, use the menu on the left side of the classroom, select the unit
you are in, and when you click the unit link several additional links will appear below
the unit heading, one of those links will be Live Binders.
3.

KU Math Center: Take advantage of the KU Math Centers many services:

a.

Math Tutoring

b.

Question & Answer Services

c.

Request a Video Example Services

d.
Project Review Services (be sure to submit Assignments early enough to
receive feedback and make corrections before the Assignment due date (24 hour
turn-around times Monday-Thursday and 48 hour turn-around times on weekends
are typical).
e.

Math Center Reference Library

To access the KU Math Center start at the KU Campus Home Page. From the KU
Campus Home Page, select My Studies (top menu bar), then select Academic
Support Center, and review the Math Center offerings.
4.
Email Your Instructor: Your instructor is only an email away; when you cannot
make any more progress on a problem, reach out. Send your instructor the work you
started and steps of the problem you have completed so far, and ask for help. Your
instructor will respond within 24 hours
Business Statistics Assignment (Total 40 Points)
Question 1: (10 Points)
Find the mean, median and mode of the following:
Presto Printing Company sales for the month of February.
(NOTE: The company is closed on Sundays.)
February 2: $4,694
February 3: $5,954
February 4: $3,309
February 5: $3,106
February 6: $7,124
February 7: $2,149
February 9: $3,123
February 10: $4,128
February 11: $3,198
February 12: $2,198
February 13: $7,287
February 14: $1,123
February 16: $4,598
February 17: $3,987
February 18: $3,099
February 19: $3,098

February 20: $5,980

February 21: $3,209
February 23: $6,531
February 24: $3,098
February 25: $4,598
February 26: $4,873
February 27: $9,876
February 28: $5,878

Question 2: (20 Points)

a)
Set up a frequency distribution table and calculate the relative frequency for
the following quiz scores that Matt achieved in his Algebra course:
Matts Quiz Scores: 85, 88, 92, 79, 100, 78, 61, 60, 79, 99, 100, 69, 98, 85, 92, 79,
81, 85, 100, and 100.
Use the following frequency intervals:
60 70
70 80
80 - 90
90 100

b)

Calculate the variance and standard deviation for Matts quiz scores.

Suggestion: set the problem up in steps within a table like the textbook illustrates.
Question 3: (10 Points)
Patricks Average Sales:
Monday $4,099
Tuesday $6,900

Wednesday $0
Thursday $10,000
Friday $9,007
Saturday $9,766
Sunday $0
Is it better for Patrick to earn 7.5% based on his average daily sales or a flat $4,000
for the week?
http://www.justquestionanswer.com/viewanswer_detail/MM-255-MM-255-MM255Unit-7-Instructor-Graded-Assignment-B-29078

MM 255 Unit 8 Discussion

Tables or Graphs
Using the Internet, the text, or another reliable source such as a newspaper or
periodical site, (not a scholastic or school site like Khan Academy and not
Wikipedia), research some important data that has been presented in graph or table
format. Make sure to cut and paste the chart or table; if that is not possible, paste a
link to the webpage. (Check it to be sure it links correctly.) Present your graph and
fully explain the information it is representing. Pose one question regarding the data
and graph or chart for your fellow students to consider and respond to in your post.
Participation:
Provide two replies to other student posts. These replies should be at least 23
sentences and should be written to further the discussion.
Discussion Best Practices
The Discussion Board is where you post your responses to the Discussion topics and
share your experiences in completing exercises and applying the concepts of this
course. You will need to post an initial response that thoroughly covers the topic(s).
You will also need to respond substantially to at least two of your classmates posts.
These replies should be at least 23 sentences that further the discussion (remark
on something specific from the post, tactfully point out mistakes, ask questions
about the post, etc.). You should post throughout the unit to get assistance on
problems with which you may be having issues. This will also to give your
classmates the opportunity to respond to your ideas.
http://www.justquestionanswer.com/viewanswer_detail/MM-255-MM255-MM-255Unit-8-Discussion-Tables-or-Graphs-U-29082

MM 255 Unit 8 Instructor Graded Assignment

The Instructor Graded Assignment is a different and completely separate
Assignment from the MML Graded Practice.
The Instructor Graded Assignment for this unit will involve creating graphs, charts,
and tables, which are used in most any application. Graphs and charts can illustrate
most any set of data, but in this Assignment, you will demonstrate that sometimes
graphs or charts can be confusing or too busy or too stark to be effective.
Directions for the Instructor Graded Assignment
Go to Doc Sharing found on the top menu of the course, scroll down to Unit 8
Instructor Graded Assignment, and click the link. The document is a template that
you will complete for this Assignment and also includes the instructions for you to
follow. All of your work will be done in this template. When you complete this
Assignment, you will need to rename the document, save it in a place where you
can find it, and then upload it to the unit Dropbox.
All Assignments are due by Tuesday at 11:59 p.m. ET of the assigned unit.
Submitting Your Work
Save your Assignment as a Word document with the proper naming convention: last
name first name-MM255-section-Unit X Assignment (section is your course section;
X is your unit number). Make certain to save your Assignment in a location where
you can find it, such as your desktop. When you are ready to submit it, go to the
Dropbox and complete the steps below:

Click the link that reads: "Submit an Assignment.

In the "Submit to Basket" menu, select Unit 8: Assignment.

In the "Comments" field, make sure to add at least the title of your
Assignment.

Click the Attachments "Add/Remove" button.

Attach your Word document.

Click Submit Assignment.

To view your graded work, come back to the Dropbox or go to the Gradebook after
your instructor has evaluated it.

http://www.justquestionanswer.com/viewanswer_detail/MM-255-MM-255-MM255Unit-8-Instructor-Graded-Assignment-29084

MM 255 Unit 9 Discussion

Find a home that is for sale in your area (purchase price must be at least $20,000).
Include the link that will take the class to the webpage for the home.

You will finance 80% of the purchase price. Using 5% as the interest on your
30-year fixed rate mortgage, calculate the monthly payment using the factor table
from the textbook.

Calculate the payment using the same 5%, but for a 15-year mortgage.

Real estate taxes amount to 1% of the sales price and the insurance premium
is .5% of the sales price per year. Calculate the total monthly PITI payment.

Present your findings to your classmates and explain how much interest you
would save over the life of the loan if you used the 15-year versus the 30-year loan.
Show your calculations.
Participation:
Provide two replies to other student posts. These replies should be at least 23
sentences and should be written to further the discussion.
Discussion Best Practices
The Discussion Board is where you post your responses to the Discussion topics and
share your experiences in completing exercises and applying the concepts of this
course. You will need to post an initial response that thoroughly covers the topic(s).
You will also need to respond substantially to at least two of your classmates posts.
These replies should be at least 23 sentences that further the discussion (remark
on something specific from the post, tactfully point out mistakes, ask questions
about the post, etc.). You should post throughout the unit to get assistance on
problems with which you may be having issues. This will also to give your
classmates the opportunity to respond to your ideas.
http://www.justquestionanswer.com/viewanswer_detail/MM-255-MM255-MM-255Unit-9-Discussion-Find-a-home-that-is-29086

MM 255 Unit 10 Discussion

Business Decisions
Research the different methods of business decision making. Present the best
method you have found. Develop a business financial problem and use the method
you have chosen to analyze your dilemma and come up with a solution based on
the method you chose to implement. Present your problem to your classmates on
the Discussion Board, how you worked through the issue, and the conclusion you
reached. Make sure to show all of the steps and calculations you have used to make
your decision. Be creative!
Participation:
Provide two replies to other student posts. These replies should be at least 23
sentences and should be written to further the discussion.
Discussion Best Practices
The Discussion Board is where you post your responses to the Discussion topics and
share your experiences in completing exercises and applying the concepts of this
course. You will need to post an initial response that thoroughly covers the topic(s).
You will also need to respond substantially to at least two of your classmates posts.
These replies should be at least 23 sentences that further the discussion (remark
on something specific from the post, tactfully point out mistakes, ask questions
about the post, etc.). You should post throughout the unit to get assistance on
problems with which you may be having issues. This will also to give your
classmates the opportunity to respond to your ideas.
http://www.justquestionanswer.com/viewanswer_detail/MM-255-MM255-MM-255Unit-10-Discussion-Business-Decisions-29089