a calculation that grad students commonly make in the last one to two years of their studies. This calculation enables one to see how much time will pass until they are dead broke.
The rate of broke is customarily defined as the monthly rate at which graduate students approach Absolute Broke.
Typically, this calculation is relevant only for graduate students who are extremely frugal and accepted less financial aid than necessary to live assuming they would make up for the shortage of funds through the course of their program.
This rate is defined as the slope of the linear regression trend line that is the sum of all current assets and cash flows into the future.
y is dollar amounts
x is time in months
y = -717.93 x + 8391.6
Rate of Broke:
$717.93 / month
Time to Absolute Broke:
y = 0
x = 11.688 months until Absolute Brokeness
Chris: i did the rate of broke calculation....
Chris: i have 5 months of finances
Fred: getting a job will decrease your rate of broke dude
Chris: menial labor, here i come
Prices shown in USD.
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