M's Animal Hospital

In the last unit of the Entrepreneurship class, we learned a lot about how business are created and where funding comes from. We got the chance to talk with the founder of purple asparagus and the director of 826CHI and ask them questions about their businesses and how they run. For this Action Project we were tasked with creating our own business. It was very difficult to come up with a lot of the information for this but since we had the entire span of this class to work on it, I was able to find my information overtime. Overall I am very proud of the way this came out, enjoy!

Production in the OC (continued)

In the last unit of Stage Chem, we dove farther into the idea of stages and the different aspects that go into creating one. We visited the Steppenwolf Theatre and got a chance to learn more about what goes into building a stage and we were also able to walk around a set for a show that just ended. For the Action Project, we were tasked with creating a stage using our blueprints from our first project from this class (you can view that here). We had to build the stage, create two moving pieces, and safety procedures that go along with it. It was difficult at first to come up with the two moving things I would use since my show doesn't really have a place for trap doors or anything like that. I really like the way that my stage ended up looking. Take a look down below!
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This is the model of my stage. I used a scale in which 1 inch =  2 feet. In this stage I would be putting on a production of an episode of the popular tv show "Bob's Burgers". I recreated a section of their restaurant for this production. There are also a few features of this stage that move around to switch scenes.

MF. Model of Stage. 2017

The Movable Pieces: 

LEGO Deck:

For my production, there is a time during the show where time moves forward quicker than it should. I decided to use a moving deck and have one of the actors ride it across the stage with a sign that shows the time passing. I thought that this would be the most efficient and organized way to do this. The actor will ride across the stage from wing to wing.

MF. Moving Deck. 2017

My deck weighs 5 lbs which is 22.2411 Newtons. In order for the deck to move across the stage, there needs to be a force of 25 newtons pushing it across the stage. The deck has to be pushed 15 meters. In order to find out how much work would need to be done to push it 15 meter I used the equation Work = Force x Distance. When I put my numbers in, I got the following:

Work = 22.2411N x 15m = 333.6165 J.

MF. Force Diagram. 2017

Moving Deck

Down below there are some safety precautions for the crew to follow during the production. 

• All crew should be cautious not to step on the deck.
• Stow deck properly when not in use to avoid accidents. 
• Before the actor goes across the stage on the deck, make sure there is a perfectly clear path.

MF. Safety Sign. 2017

Retractable Tables and Benches:

For my production, the story takes place in both a restaurant and a living room. I built the main part of the stage as the dinner style since a majority of the play would take place there but for the small part of the production that takes place in the living room, I decided that taking the time to move sets completely just for a small portion would be unreasonable and time consuming. The booths and tables inside the restaurant fold up into the wall to create space to put in some small set furniture.

MF. Moving Deck. 2017.

Down below there are some safety precautions for the crew to follow during the production. 

•  Be careful when lifting the tables and booths, they are very heavy.
• Make sure to properly secure the tables and booths to the wall. 
• Authorized crew members only. 

MF. Safety Sign. 2017

Reflection:

While creating this AP, I came across a few minor struggles. It was difficult to decide how I was going to build my stage while also having moving pieces included. I had a lot of ideas going into this project that I soon realized would not end up being possible based on the time and equipment I had. Another problem that I came across was finding a way to include those two moving pieces and figuring out the best way to execute it. I finally decided to just use a skateboard-like deck as well as having the booths and tables fold up into the wall in order to have more room to switch scenes. I enjoy building models and designing spaces so this project allowed me to easily play to my strengths to create something I was proud of. I think that this project was very fun and I was able to be creative with the way that I wanted to stage my production.

Production in the OC

In the first unit of stage chemistry, we looked at the basics behind creating a production. We talked a lot about lighting, different types of stages, seating, and other amenities that come with theaters. We referenced different theaters that we have been to and looked at the differences between them. For the Action Project, we were tasked with choosing a space and a story that we would like to make into a production. We then had to look at different amenities that our space had that was bennifical to the audience as well as the artists. It was difficult at first to choose where I wanted my show to take place since there were so many options, but I am glad that I ended up using the OC.

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MF. OC. 2017

I chose to build my theater right inside the GCE location. I chose to use this space because it is a great size and the layout of the room was perfect for my production of Bob's Burgers. Since my production takes place in a restaurant and a house, having the square size room worked very well. I used a proscenium stage because I felt like, with the restaurant theme, the audience would feel like they were sitting in the restaurant with the actors. 

This idea was very easy to bring to life because the room is in a space that I have access too. I was able to easily gather my measurements and figure out the way that my stage could look. I chose to use this space because I was also able to use other rooms that are connected to the OC. I was able to use the cafe as a lounge and backstage area, while it looks crowded with all of the tables inside of it, when removed, the space is the perfect fit for a backstage area. The purple crates can be used for prop storage, they are right near the door to enter the stage so it would be helpful for them to have everything they need for the show easily accessible. People can stay in the cafe until it is their turn to be on stage and they will have easy access to the stage.

There were not very many difficulties with this space. The only one that was a small disadvantage was the lighting. The OC has large glass windows that have no shades on them so the lighting is very hard to control. If I were to do this project over again I would try and use another location that has better lighting so that I can control it.

Goodman Theater: My Theater: %

Area of Stage: 4000 sq ft 140.25 sq ft 3.5%

Maximum Capacity: 856 people 35 people 4.08%

Box Office: 20 sq ft 200 sq ft 10%

Lobby: 1912.5 sq ft 486 sq ft 25.4%

Prop Storage: 525 sq ft 212.5 sq ft 40.4%

Concessions: 168.75 sq ft 200 sq ft 118.5%

SWOTting FE's at GCE

In the last unit of the senior STEAM course Systems and Models, we looked into peoples motivation to do things. We talked about Maslows Heirchy of Needs and how that plays into the motivations people have to do things in their lives. We watched a lot of TED talks and TED drawing episodes that explained where peoples motivations come from and how they appear. For the Action Project in this unit we were tasked with choosing an aspect of GCE and using SWOT to explain the good and bad things about it. SWOT stands for strengths, weaknesses, opportunities, and threats. For my project I chose to look into FE's at GCE. It was difficult at first to come up with all of my SWOT sections but at the end I am very proud of the way my project turned out. Check out my project below.
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For my SWOT, I decided to examine the field experiences or “FE’s” that my school has. Field Experiences are sort of like field trips except they have more of a purpose. Our FE’s are trips we take in order to learn more about what our teacher has been teaching us. We get to meet with people who work closely with what it is we are studying. They allow us to hear another voice on the things we are learning in class.

Looking at something that is not a physical thing, thinking about the Commons (a shared resource that is freely accessible” for FE’s can be difficult. The resources that are used to make the connections for FE’s come from many different places. According to my teacher AMD “Some FE plans are brought in from previous years and previous successes. Sometimes we have one-of-a-kind opportunities, and lastly we rely on connections from our previous careers and relationships, people that the staff knows, people that parents/students recommend, and sometimes even just sending an email out cold, hoping that someone replies.” When teachers make or find connections for their class, they will often bring them to all of the teachers so they can possibly use them as well if it fits with their class. At the same time however, if no one can find any connections at all there is no starting point for any class. If that is the case then the class will just stay in the school on that Wednesday and work on something else.

The tragedies from the Commons relate to my threats and my weaknesses from my SWOT chart. FE’s sometimes fall through which can be very harmful to the teacher and the students. If an FE is planned and the group makes the trip to the site and it ends up being canceled, that's an entire class period gone because of poor communication between the guest and the instructor. Another big weakness is when the FE isn’t what it was expected to be. When that happens then the students are not engaged and it turns into more of just a random field trip. A friend of mine LS talks a bit about that. He says that “Occasionally, there are some FE's that don't fulfill the intended goal. If an FE just ends up being a presentation given to the students for hours on end, it fails to engage the students in their learning. These kinds of FE's become boring for students and don't excite us and make us want to learn more.” When the trips end up being disappointing, this can cause issues with action projects if an FE was important in order to complete part of the project.

Another threat that comes from outside forces is when we go places where there are other schools in attendance. Every term we as a school go to see a play at the Goodman Theater. We are not the only school that does this there are many other schools who attend these plays as well. Since FE’s have to be connected to the class, before we go to see the play, our instructors connect an aspect of the play to their class whether it be actual dialogue or the set in which the play is on. We will usually get work associated with it that we will have to do for homework. Once the play is over, the actors will come out on stage and all of the students have an opportunity to ask questions. Since there are a lot of other schools there, sometimes our questions don't get answered and instead a student from another school will just ask a question as a joke when GCE students had an actual question about the play.

Since the beginning of GCE almost 7 years ago, FE’s have been an important part of the curriculum. FE’s were something that was broadcasted when interested students were looking to apply. RD, a classmate of mine, says that she “likes FE's because they prove that what we're learning is actually important. If it wasn't, then there wouldn't be places to visit about that class.” FE’s are something that students like and want to have around. It gives them another voice that they can use to understand the material in more depth.

There are a lot of opportunities that come to and from FE’s. There are a lot of people within GCE that have different connections and friends and family members who may know something about what students are studying in the different classes in GCE. This allows teachers to always have some kind of connection to a possible FE. As well as having staff with connections, there are also tons of parents and students who can make connections. GCE is a very open community which gives students and parents a voice to help make classes work better.

When thinking about how FE’s play in with Maslow’s Hierarchy of Needs, physiological is a big thing. FE’s require groups to travel all around the city. While this is a great way for students to see different parts of the city, it can sometimes take a long time to travel places. Sometimes travel time can take up half if not more of the designated time which causes students to get tired which can also end up causing an FE to go poorly. Self- Actualization is something that is really great that can come from FE’s. While on these trips, students are able to make potential connections themselves for internships or jobs in the future. These trips also play a big role in the esteem category from the hierarchy of needs. When students are able to connect a trip to a personal experience or something that allows them a sense of accomplishment. HT, another teacher of mine says that “The top success from an FE is when a student without prompting from the teacher can find a correlation between the course and the FE, deeper than that when a student can see how the FE is a solution to something that has been talked about in class.” Safety is never really an issue with any of the trip sites, the group take public transportation there and that is the only time where a student may feel unsafe. The trip sites are never in any unsafe neighborhoods and the students are always with at least two teachers. The section about belongness and love can be demonstrated by FE’s when students are able to go on these trips with their fellow classmates which allows students to become better friends and work together.

When it comes to thinking of a solution I thought of it from a systems approach. While there are a lot of good things that come from FE’s there are also those weakness and threats that come from them as well. While FE’s are very important to the curriculum, certain times classes will only end up going on one or two FE’s because teacher end up not planning any FE’s for the units. According to HT when asked if she thought FE’s were vital in order for the curriculums to work “Field experience are the biggest selling point of GCE, our slogan is broken down the walls between the classroom and the world” and we can’t do that unless we go out into the world. We want young people to be able to solve the problems in the world so they need to be able to experience things. It also allows students to gain communication skills and learn how to network which will come up later in life.” When a teacher is unable to schedule an FE, students will have those 3 hours to to do whatever work the teacher comes up with.

I-O psychologically is another way to think about FE’s. I-O is used to study different issues in workplaces areas dealing with people, teams, and organizations. This can play into FE’s when thinking about the different organizations GCE is connected with for FE’s. While also connecting FE’s with things they are learning about in class, FE’s are also a way for students to learn different skills. HT says that “FE’s allow students to gain communication skills and learn how to network which will come up later in life.” This interaction that comes from students talking to different people all around the city allows every party to see how they deal with different people.

The ultimate solution I came up with was that FE’s are a vital part to GCE curriculum and currently there is too little prep time. Lots of classes have not gone on as many FE’s as the teachers and students had hoped and I think that needs to change. I think that there should be some kind of base created where people (teachers and students) can put information on possible connections for different classes. Having this will allow teachers to always have a large variety of opportunities and choices to set up FE’s with. Overall, FE’s are very important and have been working well for GCE for almost 7 years, in order for them to keep working, everyone needs to do their best to help out and find different connections that can be used to create great field experiences for years to come.


Works Cited:

McLeod, Saul. "Maslow's Hierarchy of Needs." Simply Psychology. Simply Psychology, 16 Sept. 2016. Web. 26 Feb. 2017.

"What Is I-O?" Industrial and Organizational Psychology. Society for Industrial and Organizational Psychology, 2017. Web. 06 Feb. 2017.

AMD. Personal Interview. 2017.

HT. Personal Interview. 2017.

LS. Personal Interview. 2017.

RD. Personal Interview. 2017.

Short Term Memory: How Does it Work?

In the second unit of the senior STEAM course: Systems and Models, we went away from looking at ourselves and looked at big groups of people and how they work. We looked into the way that these groups work together, the way they are structured, who runs them, etc. For the Action Project in this unit, we were tasked with coming up with a topic and a question that we could do a experiment on. I chose to do an experiment on short term memory. Something that was difficult for me was actually creating the project since there is so much writing. I am very proud of the way my project turned out, take a look at it down below.

A Self Portrait

In the first unit of the STEAM course Systems and Models we talked a lot about ourselves and the type of people we are. We took a bunch of different types of personality tests and really dove deep into who we are as people. For the Action Project in this unit, we were tasked with creating our own self portrait and write an artists statement. We had to create our own portrait and we could use any medium we wanted. I decided to use photography as my medium. I think that the easiest part of this project was picking a medium and executing the portrait. I really enjoy photography so it was cool to be able to play around with the photos for a project. The most difficult thing was choosing what the picture was going to be of. Over all I am very happy with my project.

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MF. ME. 2017.

The title of my portrait is “The Life of M”. I chose to use photography as my medium. My photo is an average 4’11 size when printed. My self portrait is a depiction of me and and everything that I enjoy in life. The top of my head from the bridge of my nose and up is pictured with other things I enjoy around me at the top of the photograph. My photograph shows me in the present time. It sheds light on the things that I like in my life and the things that help me stay happy. There are no other people in my photograph but the small things that represent me ties the girl in the photo (me) to my life.

In my photo I included the the enneagram test (I am a 7). I represented this by hiding a 7 above my head. I also included the Myers Briggs test. I represented this by including some things that resemble and extrovert as well as the word extrovert. I decided to include these two because they are rather similar but they also have differences. I think that my greatest quality is how outgoing I am. I am always up to do whatever and want to make life as fun as possible. I knew that placing the little things that represent my life in the background would bring some connection to that but, I wanted to be more direct with it so that people would be able to get a better understanding of the person I am. I wanted people to be able to understand why I took the photo instead of talking about the photo itself. I was given examples of this in my interview with Charlie Jensen. He told me that he “writes all of his artist statements for his work through my heart. I let that move my hands around the keyboard. I don’t only write about the art I did, I write about what made me want to capture the photo.”

In my project I wanted to look at the experiment that talked about how award winners live longer than the people that lose. Throughout that article is talks about how social status and high self esteem is something that everyone wants. I can see that in myself because although I have pretty high self esteem most of the time, there are times during the day where I doubt myself a little bit. Reading through this experiment helped me realize that self esteem issues are something that everyone faces and the fact of the matter is people need to realize their self worth to move forward and have a happy life. Another study I looked at was the Stanford Prison Experiment. The guards treated the prisoners very poorly because the power went to their head. Most of the people that played the guards had dominant personalities and, according to the DISC test I have a very dominant personality. I think that when people with that type of personality are placed in a place of power that title can cause them to make bad decisions. I think that when people with that personality are around others with the same personality in that type of situation, they can egg each other on to the point where it gets out of hand.

I chose to do a photograph because photography is something that has always been a part of my life. Since this project was a “self” portrait, I wanted to show myself and the things in my life. I chose to do this in this way because I think that it was a good way to represent myself. I want people to be able to understand the kind of person I am. I want people to feel like they know me better than they might already. I want them to be able to see things that I enjoy and the kinds of things that make me happy.

The road to creating this photo was long. I initially had to choose my medium which ended up being the easiest thing in this process because I have loved photography for a long time. After that I thought for a few days about how my photo would look. Would I be in it? Would I edit it? Once I felt solid on my idea I just had to execute it. I had to make sure everything was i the right places so that it looks natural. I think that was probably the hardest part of this entire process. I wanted to pick and choose the right objects behind me in the photo that would best represent me and what my life is. I think that this is now one of my favorite photos because it turned out exactly as I’d hoped and I think it’s a perfect representation of me.

25 Years of Investing

In the last unit of the first senior steam class, Economics, we talked about money in the market. We focused on how money moves through the government and through the market and how quickly the market can change. This lead us into our action project where we were given a sum of money that we had to spend over a 25 year period by investing it in different companies. This project was incredibly challenging but it was worth it. I learned a lot of things about investing and the goals I want to set for myself. 

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The scenario goes like this: 18 years ago, my guardian angel set up a college savings plan for me with an initial investment of $8,500. My angel contributed $50 each month to the college savings plan ($600 yearly). After 18 years at an average annual interest rate of 7%, compounded annually, the plan is now worth a hefty lump sum. Yesterday, I cashed out your plan and deposited the money in a brokerage account to invest on my own.

After those 18 years in the bank, that $8,500 is now $49,128.87. In order to get the most out of this money, I am investing in three different companies. My investment philosophy is that I want to make money, but I don't want to invest in things that I dont potentially agree with. I will give some leeway for something that I know would make me a lot of money but it goes against my morals a little bit. I will draw the line when it comes to a company that goes completely opposite from my morals. I have a pretty high risk tolerance. After taking a quiz online with the Rutgers New Jersey Agricultural Experiment Station, I scored a 37 which means I have a high risk tolerance. I like to take risks and that shows in my investments.

While doing this I had to think a lot about my values and which type of companies follow them. I value environmentally friendly, animal friendly, and profit driven companies. I want companies that look out for animals and the environment but I also want to make money. I would love a company that did all three but if a company that could make me a lot of money was animal friendly but not incredibly environmentally friendly, I would sacrifice that so that I would be able to reach my SMART goals in the time I want to achieve them.

I set some SMART goals for myself to achieve within 25 years. I chose 3 goals I would like to achieve; one after 1 year, one after 5 years, and one after 25 years. My goals are as follows:

1-year goal: Have enough money to take a summer off to travel- $7,000 

5-year goal: rent a nice apartment in california- $8,000 

25-year goal: own a lake house in Wisconsin/ Michigan -$34,000 

When it comes to investing, I chose three companies: Apple, Nike, and Disney. I chose to dive deeper into two of my three companies: Apple and Disney.

Disney is a huge company that has been around for years. They focus on many different elements such as clothing, toys, and most importantly: movies. They have created hundreds of movies over the time of their existence and have also created thousands of shorts. Diversification is very big at Disney. After getting a lot of heat about all of their movies being about white people, they switched it up and started making their movies about all different races, most recently they are releasing a new Disney Princess movie called Moana. They also recently bought the star wars franchise and are releasing 6 new movies under that, 1 of which has already come out and gotten rave reviews. Their economic moat is very large because of the companies that they work with. Their P.E. ratio is 23.32 (industry) and their dividend yield is 1.53%. This companys makes a lot of family friendly movies and they are a very family oriented company, with all of their new movies coming out, they are a very smart investment. Disney is definitely a long term investment.

Apple is a gigantic corporation that has been around since 1976. They specialize in electronics: phones, computers, tv systems, headphones, etc. They have released lots of different types of phones over the years and just recently released the iphone 7 and the iphone 7+. These have caused the market to change drastically. Every Time they release a new product their are lines of people ready to get their products. Apple’s economic moat is very strong since lots of people won't try to do the exact same thing as apple because it wouldn't be beneficially if it's not the real thing. Apple's risk factor is most likely very high since they are always changing new things on the iPhones that people may or may not like. Their P.E. ratio is 26.08. This would also be a very smart investment for me to make.

The time horizon comes into play when investing no matter what. I am spreading out my stock investments based on how they have been doing for the past year. If one of my stocks is dropping, I will only invest in that one for 1 year, and if a company is doing well, I will invest in it during one of my longer periods.

I created 3 investment portfolios for each goal I set for myself.


For my 1 year goal, I put in $7,000:

60 shares of NIK @ $51.80 ($3,108 total) (35% of portfolio)

30 shares of APPL @ 114.97 (3,449.10 total) (65% of portfolio)

1 year. MF, 2016

The grouping of NIK and APPL had an expected ROI of 21.08%. In the graph above I have sectioned off a pie chart to show how my portfolio was divided.


For my 5 year goal, I put in $8,000:

50 shares of NIK @ 51.80 (2,590 total) (30% of portfolio)

50 shares of DIS @ $93.83 ( 4,691.5 total) (70% of portfolio 

5 year. MF, 2016

The grouping of NIK and DIS had an expected ROI of 106.8%. In the graph above I have sectioned off a pie chart to show how my portfolio was divided.

For my 25 year goal, I put in $34,000:

40 shares of DIS @ 93.83 (3,753.2 total) (50% of portfolio) 

70 shares of APPL @ 114.97 (8,622.75 total) (50% of portfolio)

25 year. MF, 2016

The grouping of DIS and APPL had an expected ROI of 6903.03%. In the graph above I have sectioned off a pie chart to show how my portfolio was divided.

The three investments that I made are in all different stock sectors. Nike is ruled under consumer goods, Disney is entertainment, and Apple is electronics. I wanted to make sure that the companies I was investing in were not all selling the same type of thing. I wanted to have a lot of diversity so my investments fall into different categories. Throughout this process I made a few assumptions for the sake of the project:

-The ROI will stay the same

-The stock market won’t crash during the 25 years I am investing

-The real estate market won’t crash.

After a lot of investing, all of my goals will become a reality. I invested in the right companies and based on the math I did, all of my goals should be reached by the time allowed for each one.


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References:


"Apple Inc's ROI per Quarter." Apple Inc (AAPL) Return on Investment ROI Quarterly, Average High and Low, Overall Ranking from Mar 26 2016 to Mar 28 2015. CSI Market Company, 2016. Web. 29 Oct. 2016.


"AAPL Profile | Apple Inc. Stock - Yahoo Finance." AAPL Profile | Apple Inc. Stock - Yahoo Finance. Yahoo, n.d. Web. 29 Oct. 2016.


"BRING INSPIRATION ANDINNOVATION TO EVERYATHLETE* IN THE WORLD." About Nike. Nike, n.d. Web. 29 Oct. 2016.


"DIS Profile | Walt Disney Company (The) Commo Stock - Yahoo Finance." DIS Profile | Walt Disney Company (The) Commo Stock - Yahoo Finance. Yahoo, n.d. Web. 29 Oct. 2016.


"NKE Profile | Nike, Inc. Common Stock Stock - Yahoo Finance." NKE Profile | Nike, Inc. Common Stock Stock - Yahoo Finance. Yahoo, n.d. Web. 29 Oct. 2016.


"Nike, Inc. (NKE) Ownership Summary." NASDAQ.com. Nasdaq, n.d. Web. 29 Oct. 2016.

Lawyer vs. Marine Biologist

For the first Action Project of the STEAM course, Economics, we were tasked to look at our futures. We had to think about what we want to do with our lives post high school. That included looking at the college route vs the no college route, thinking about how much it would cost to go to college to obtain the degree that we need, figuring out how much money we would make in our chosen profession over 40+ years, etc. Something we looked at a lot in this unit was opportunity cost and money. This means how long things take and comparing that to other things you could be doing. This goes into the project quite a bit because we had to choose if we wanted to spend time and money in college or just heading straight into our career. Something I struggled with was choosing a career. I have so many ideas about what I want to do with my life after high school. I finally decided to choose two different careers and see which one would be most beneficial.
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The question “What do you want to be when you grow up?” sits in the mind of most teenagers. Next year I will either attend Harvard Law School or The University of California Santa Barbara to study how to become either a lawyer or a marine biologist. Marine Biologists work with the things happening in the water. That includes oceans, rivers, lakes, etc. They work to keep the water clean and make sure all the living things are healthy. Lawyers are the ones that defend/prosecute people in court. They work in the courts working on cases of all topics and making sure everything is just and fair for people.

I chose these two occupations because I have always been interested in the ocean as well as law. My uncle is a lawyer so I have learned a lot of things from him about what it’s like to work in this profession. I have always loved to swim and learn more about the different animals in the water. I am super interested in both of these careers. In order to become a marine biologist I would need 4-10 years in college ( 4 years for a bachelor's degree, an (optional) master’s degree or PhD). In order to become a lawyer I would need 7-8 years in college (4 years for a bachelor's degree;following that is law school for 3-4 years).

College is extremely expensive. The cost of Harvard Law in 2015-2016 was $57,200. The cost of Harvard Law in 2016-2017 was $59,550. The tuition percent increase is 4%. After going to school for four years, the cost would be $263691.43. The cost of University of California Santa Barbara in 2015-2016 was 24,708. The cost of University of California Santa Barbara in 2016-2017 was $26,682. The tuition percent increase is 8% After going to this school for 4 years the total amount of money I would be paying would be $192,254.87

Reference Data
Beginning Balance	$263,691.43
APR	5
Annual Salary	$74,880.00
Annual Payment	$22,464.00

(2016)

Year	Beginning Balance	Payment	Interest Rate	Interest Paid	Principal Paid	Ending Balance
1	$263,691.43	$22,464.00	5.00%	$13,184.57	$9,279.43	$254,412.00
2	$254,412.00	$22,464.00	5.00%	$12,720.60	$9,743.40	$244,668.60
3	$244,668.60	$22,464.00	5.00%	$12,233.43	$10,230.57	$234,438.03
4	$234,438.03	$22,464.00	5.00%	$11,721.90	$10,742.10	$223,695.93
5	$223,695.93	$22,464.00	5.00%	$11,184.80	$11,279.20	$212,416.73
6	$212,416.73	$22,464.00	5.00%	$10,620.84	$11,843.16	$200,573.56
7	$200,573.56	$22,464.00	5.00%	$10,028.68	$12,435.32	$188,138.24
8	$188,138.24	$22,464.00	5.00%	$9,406.91	$13,057.09	$175,081.15
9	$175,081.15	$22,464.00	5.00%	$8,754.06	$13,709.94	$161,371.21
10	$161,371.21	$22,464.00	5.00%	$8,068.56	$14,395.44	$146,975.77
11	$146,975.77	$22,464.00	5.00%	$7,348.79	$15,115.21	$131,860.56
12	$131,860.56	$22,464.00	5.00%	$6,593.03	$15,870.97	$115,989.59
13	$115,989.59	$22,464.00	5.00%	$5,799.48	$16,664.52	$99,325.07
14	$99,325.07	$22,464.00	5.00%	$4,966.25	$17,497.75	$81,827.32
15	$81,827.32	$22,464.00	5.00%	$4,091.37	$18,372.63	$63,454.68
16	$63,454.68	$22,464.00	5.00%	$3,172.73	$19,291.27	$44,163.42
17	$44,163.42	$22,464.00	5.00%	$2,208.17	$20,255.83	$23,907.59
18	$23,907.59	$22,464.00	5.00%	$1,195.38	$21,268.62	$2,638.97
19	$2,638.97	$2,770.92	5.00%	$131.95	$2,638.97	$0.00
20	$0.00	$0.00	5.00%	$0.00	$0.00	$0.00
21	$0.00	$0.00	5.00%	$0.00	$0.00	$0.00
			True Cost of College	$143,431.49		$407,122.92

Law (2016)

Reference Data
Beginning Balance	$129,817.30
APR	5
Annual Salary	$39,700.00
Annual Payment	$11,910.00

(2016)

Year	Beginning Balance	Payment	Interest Rate	Interest Paid	Principal Paid	Ending Balance
1	$129,817.30	$11,910.00	5.00%	$6,490.87	$5,419.13	$124,398.17
2	$124,398.17	$11,910.00	5.00%	$6,219.91	$5,690.09	$118,708.07
3	$118,708.07	$11,910.00	5.00%	$5,935.40	$5,974.60	$112,733.48
4	$112,733.48	$11,910.00	5.00%	$5,636.67	$6,273.33	$106,460.15
5	$106,460.15	$11,910.00	5.00%	$5,323.01	$6,586.99	$99,873.16
6	$99,873.16	$11,910.00	5.00%	$4,993.66	$6,916.34	$92,956.82
7	$92,956.82	$11,910.00	5.00%	$4,647.84	$7,262.16	$85,694.66
8	$85,694.66	$11,910.00	5.00%	$4,284.73	$7,625.27	$78,069.39
9	$78,069.39	$11,910.00	5.00%	$3,903.47	$8,006.53	$70,062.86
10	$70,062.86	$11,910.00	5.00%	$3,503.14	$8,406.86	$61,656.00
11	$61,656.00	$11,910.00	5.00%	$3,082.80	$8,827.20	$52,828.80
12	$52,828.80	$11,910.00	5.00%	$2,641.44	$9,268.56	$43,560.24
13	$43,560.24	$11,910.00	5.00%	$2,178.01	$9,731.99	$33,828.25
14	$33,828.25	$11,910.00	5.00%	$1,691.41	$10,218.59	$23,609.67
15	$23,609.67	$11,910.00	5.00%	$1,180.48	$10,729.52	$12,880.15
16	$12,880.15	$11,910.00	5.00%	$644.01	$11,265.99	$1,614.16
17	$1,614.16	$1,694.87	5.00%	$80.71	$1,614.16	$0.00
18	$0.00	$0.00	5.00%	$0.00	$0.00	$0.00
19	$0.00	$0.00	5.00%	$0.00	$0.00	$0.00
20	$0.00	$0.00	5.00%	$0.00	$0.00	$0.00
21	$0.00	$0.00	5.00%	$0.00	$0.00	$0.00
			True Cost of College	$62,437.57		$192,254.87

M.Biology (2016)

For a career in marine biology, it would take me 17 years to pay off all of my student loans. The true cost of my college education would be $192,254.87. I would have paid $62,437.57 in interest. For a career in law, it would take me 19 years to pay off all my student loans. The true cost of my college education would be $264,926.04. I would have paid $143,431.49 in interest (see the charts above).

For a career in marine biology, the salary ranges. The minimum salary is $39,700 the max is $124,680 and the median is $70,800. For a career as a lawyer the minimum salary is $74,880 the max is $187,199 and the median is $130,880. By the time I retire, if I am to go into marine biology, I would make $3,874,552. If I go into law, I would make $6,512,444. For marine biology, I would be paying my student loans back one year less than if I went into law but I would be paying more interest. Right now there are 1,300,705 lawyers in the U.S. and only 18,523 marine biologists. The outlook rate is going up for both with lawyers leading with a 10% increase rate and marine biology having a 7% increase.

Reference Data
Entry-level Salary	$74,880
Mid-level Salary	$130,880
Senior-level Salary	$187,199
Annual Raise (%)	3.00%

(2016)

Career Level	# of Working Year	Year	Annual Salary
Entry	1	2021	$39,760
Entry	2	2022	$39,772
Entry	3	2023	$39,783
Entry	4	2024	$39,795=
Entry	5	2025	$39,807
Mid	6	2026	$71,013
Mid	7	2027	$71,034
Mid	8	2028	$71,055
Mid	9	2029	$71,077
Mid	10	2030	$71,098
Mid	11	2031	$71,119
Mid	12	2032	$71,141
Mid	13	2033	$71,162
Mid	14	2034	$71,183
Mid	15	2035	$71,205
Mid	16	2036	$71,226
Mid	17	2037	$71,247
Mid	18	2038	$71,269
Mid	19	2039	$71,290
Mid	20	2040	$71,312
Mid	21	2041	$71,333
Mid	22	2042	$71,354
Mid	23	2043	$71,376
Mid	24	2044	$71,397
Mid	25	2045	$71,419
Mid	26	2046	$71,440
Mid	27	2047	$71,461
Mid	28	2048	$71,483
Mid	29	2049	$71,504
Mid	30	2050	$71,526
Senior	31	2051	$125,996
Senior	32	2052	$126,034
Senior	33	2053	$126,071
Senior	34	2054	$126,109
Senior	35	2055	$126,147
Senior	36	2056	$126,185
Senior	37	2057	$126,223
Senior	38	2058	$126,261
Senior	39	2059	$126,299
Senior	40	2060	$126,336
Senior	41	2061	$126,374
Senior	42	2062	$126,412
Senior	43	2063	$126,450
Senior	44	2064	$126,488
Senior	45	2065	$126,526
	Total Lifetime earnings		$3,874,552

M. Biology (2016)

Reference Data
Entry-level Salary	$39,700
Mid-level Salary	$70,800
Senior-level Salary	$124,680
Annual Raise (%)	3.00%

(2016) 

Career Level	# of Working Year	Year	Annual Salary
Entry	1	2021	$74,992
Entry	2	2022	$75,015
Entry	3	2023	$75,037
Entry	4	2024	$75,060
Entry	5	2025	$75,082
Mid	6	2026	$131,273
Mid	7	2027	$131,313
Mid	8	2028	$131,352
Mid	9	2029	$131,391
Mid	10	2030	$131,431
Mid	11	2031	$131,470
Mid	12	2032	$131,510
Mid	13	2033	$131,549
Mid	14	2034	$131,589
Mid	15	2035	$131,628
Mid	16	2036	$131,668
Mid	17	2037	$131,707
Mid	18	2038	$131,747
Mid	19	2039	$131,786
Mid	20	2040	$131,826
Mid	21	2041	$131,865
Mid	22	2042	$131,905
Mid	23	2043	$131,944
Mid	24	2044	$131,984
Mid	25	2045	$132,023
Mid	26	2046	$132,063
Mid	27	2047	$132,103
Mid	28	2048	$132,142
Mid	29	2049	$132,182
Mid	30	2050	$132,222
Senior	31	2051	$189,175
Senior	32	2052	$189,231
Senior	33	2053	$189,288
Senior	34	2054	$189,345
Senior	35	2055	$189,402
Senior	36	2056	$189,459
Senior	37	2057	$189,515
Senior	38	2058	$189,572
Senior	39	2059	$189,629
Senior	40	2060	$189,686
Senior	41	2061	$189,743
Senior	42	2062	$189,800
Senior	43	2063	$189,857
Senior	44	2064	$189,914
Senior	45	2065	$189,971
	Total Lifetime earnings		$6,512,444

Law (2016)

Supply and Demand MB (2016)

Supply and Demand Law (2016)

I would be in the law industry and the science industry. The future outlook for lawyers is about 10% (projected to grow 6% by 2024). The future outlook for marine biologists is 7% (projected to grow 1.3% each year from 2010-2020). Currently, there is a 0.7% population change in the U.S. Lawyers continue to be needed so there isn’t a drop in that field. The demand for marine biologists has been increasing lately especially for female marine biologists since there are not that many female scientists out there currently. There is an option for both careers for advanced degrees. For law, once you obtain a bachelor’s degree at the 4-year college, you move on to law school and that can range from 3-4 extra years. For marine biology, after the bachelor’s, you can get a PhD or a master’s degree.

Some benefits from these two jobs are:

-Great job

-Something I am super passionate about

-Lots of money

-Great job outlook

-Prestigious colleges

I have decided that it would be most beneficial for me to become a lawyer. Some assumptions I made were that I would get into the school of my choice, get into the law program since it is very competitive, and that I would be able to get a job right out of college.  When looking at lawyer, I figured that the mastery I would gain throughout my many years of schooling would make getting the job so much more satisfying because it opens a lot of doors to work with different people on different cases that I am passionate and care a lot about. I realized that a dollar today is worth more tomorrow because the interest rates for paying back students loans changed the price so quickly in just a matter of days. Interest is something that came into play a lot with this project. Based on my graphs, I really had to think about which choice I would be willing to pay for.  Another thing that I realized was that  Throughout this job search, I realized I really a passionate about a lot of things and the ocean is just one of them and by being a lawyer, I would be able to work on cases for all of the things I am interested in. Interest rates change the price you have to pay back very drastically. College is also extremely expensive but student loans help out with that even though they are a pain to pay back.

__________________________________________________________________________________

Sources:
American Bar Association. "Briefs: Lawyer Demographics, Detroit ADR." Alternatives to the High Cost of Litigation Alt High Cost Litig 4.11 (1986): 6-7. American Bar Association, 2015. Web. 27 Sept. 2016.

Bureau of Labor Statistics. "Summary." U.S. Bureau of Labor Statistics. U.S. Bureau of Labor Statistics, 17 Dec. 2015. Web. 27 Sept. 2016.

"Careers in Marine Biology." - SWFSC. Southwest Fisheries Science Center, 6 Nov. 2015. Web. 27 Sept. 2016.

"Cost of Attendance." - UCSB Office of Financial Aid and Scholarships. University of California, 2015. Web. 27 Sept. 2016.

@exciteonlineedu. "How to Become A Lawyer, Becoming A Lawyer." Excite Education. Mindspark, 2001. Web. 27 Sept. 2016.

"How to Become a Marine Biologist." How to Become a Marine Biologist. N.p., 2016. Web. 27 Sept. 2016.

Mahuron, Sara. "Is It Hard to Find a Job as a Marine Biologist?" Our Everyday Life. StudioD, 2016. Web. 27 Sept. 2016.