Assumption #1: It costs $10,000 a year to attend GSU and this figure hasn't changed since 2015.

Assumption #2: All costs are incurred and paid at the beginning of the academic year. For

example, for the 2016-17 academic year costs are paid in August 2016.

Assumption #3: 2015-16, 2016-17, and 2017-18 is sophomore year, junior year, and senior year

respectively.

Assumption #4: Terrance is from the United Kingdom and he attended GSU, He graduated in

May after four years of study. Maria is from Mexico and she also graduated in

May from GSU after four years of study.

5.Did the peso appreciate, depreciate, or stay the same between Maria's sophomore and junior

year?

6. Maria retum to school ber senior year with 300 pesos. How many dollars was that worth?

Please note that for Medico the exchange rates are in terms of pesos per U.S, dollar and that flar ahe u.k, the exchange rates are in terms of U.5. dollar per pound. In other words, for 2018 It takes 19.21 Pesos to equal $1 and one UK pound ls equal to \$1.34