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Modeling Scenario

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1-003-CollegeSavings-ModelingScenario

Author(s): Brian Winkel

SIMIODE - Systemic Initiative for Modeling Investigations and Opportunities with Differential Equations

Keywords: college savings interest rate college cost sensitiviyty

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Abstract

Resource Image We present a modeling opportunity for students in which they have to plan and model for saving for a child's complete college education.

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Article Context

Resource Type
Differential Equation Type
Technique
Qualitative Analysis
Application Area
Course
Course Level
Lesson Length
Technology
Approach
Skills
Key Scientific Process Skills
Assessment Type
Pedagogical Approaches
Vision and Change Core Competencies - Ability
Principles of How People Learn
Bloom's Cognitive Level

Description

Model what you will do to completely pay for a child's first year of college education. It is most important that you

  • make clear your assumptions,
  • build a mathematical model,
  • perform a complete analysis, summarize your actions, and
  • perform a sensitivity analysis, i.e. address the question, ``What would slight changes in your assumptions or parameters do to your plan?''

Article Files

Authors

Author(s): Brian Winkel

SIMIODE - Systemic Initiative for Modeling Investigations and Opportunities with Differential Equations

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