The Average Student Enrolled in the 20-Week Court Reporting I

question 284

Essay

The average student enrolled in the 20-week Court Reporting I course at the American Institute of Court Reporting progresses according to the rule where measures the rate of change in the number of words/minute of dictation the student takes in machine shorthand after weeks in the course.Assuming that the average student enrolled in this course begins with a dictation speed of 70 words/minute, find an expression that gives the dictation speed of the student after weeks in the course.

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Definitions:

Discounting

The procedure used to calculate the present value of future income, which is inversely related to both the interest rate and the amount of time that passes before the funds are received.

Present Value

The current worth of a future sum of money or stream of cash flows, given a specified rate of return.

Discounting

The process of determining the present value of future cash flows by applying a particular interest rate; often used in investment and finance.

Present Value

The value today of a future amount of money or sequence of cash inflows, accounting for a defined rate of return.