Devon plans to attend college. He has estimated the costs for his first year. Tuition = $3,600 Other educational expenses = $450 Housing and living expenses = $4,000 His financial aid counselor says Devon will receive $2,100 that year in grant money, and that he’s eligible for a work-study program that will pay $2,300 his first year. Devon also will receive a scholarship for $1,000. What will be the total cost of Devon’s first year? How much financial aid will Devon receive for his first year? How much money will Devon need to save to cover his first year of college?

Rate of return douglas keel, a financial analyst for orange industries, wishes to estimate the rate of return for two similar-risk investments, x and y. douglas's research indicates that the immediate past returns will serve as reasonable estimates of future returns. a year earlier, investment x had a market value of $27 comma 000; and investment y had a market value of $46 comma 000. during the year, investment x generated cash flow of $2 comma 025 and investment y generated cash flow of $ 6 comma 770. the current market values of investments x and y are $28 comma 582 and $46 comma 000, respectively. a. calculate the expected rate of return on investments x and y using the most recent year's data. b. assuming that the two investments are equally risky, which one should douglas recommend? why?