## Friday, 7 December 2018

### Build robots with smarter sensors

The constant movement of fish that seems random is actually precisely deployed to provide them at any moment with the best sensory feedback they need any to navigate the world,

**Johns Hopkins University researchers found.**

The finding, published on November 29, 2018 in the journal Current Biology, enhances our understanding of active sensing behaviors performed by all animals including humans, such as

“There’s a saying in biology that when the world is still you stop being able to sense it,” says senior author

To answer the question, Cowan and his colleagues studied weakly electric fish, fish that generate a weak electric field that emanates around their body and helps them with communication and navigation. The team created an augmented reality for the fish so they could observe how a fish’s movements changed as their feedback from the environment changed.

Inside the tank, the fish hovered within a tube where they wiggled back and forth constantly to maintain a steady level of sensory input about their surroundings. First, the researchers changed the environment by moving the tube in a way that was synchronized with the fish’s movement, making it harder for the fish to extract the same amount of information. Next they made the tube move in the opposite direction of the fish, making it easier for the fish. In each case, the fish immediately increased or decreased their swimming to get the same information. They swam harder when the tube’s movement gave them less sensory feedback and they swam less when they could get could get more feedback from with less effort. The findings were even more pronounced in the dark when the fish had to lean more on their electro sense.

Because Cowan is a roboticist and most of the authors on this team are engineers, they hope the biological insight can be used to build robots with smarter sensors. Sensors are rarely a key part of robot design now but these findings made Cowan realize they perhaps should be.

“Surprisingly engineers don’t typically design systems to operate this way,” says

This work was supported by James McDonnell Foundation Complex Systems Scholar Award grant 112836; Collaborative National Science Foundation Award, grants 1557895 and 1557858 and National Science Foundation Research Experiences for Undergraduates grant 1460674.

**whisking**,**touching**and**sniffing**, and demonstrates how robots built with better sensors could interact with their environment smarter and more effectively.“There’s a saying in biology that when the world is still you stop being able to sense it,” says senior author

**Noah Cowan**, a mechanical engineer and roboticist at Johns Hopkins. “You have to actively move to perceive your world but what we found that wasn’t known before is that animals constantly regulate these movements to optimize sensory input.”**For humans**, active sensing is when we feel around in the dark for the bathroom light switch, or when we bobble an object up and down in our hands to figure out how much it weighs. We do these things almost unconsciously, and scientists have known little about how and why we adjust our movements according the sensory feedback we get from them.To answer the question, Cowan and his colleagues studied weakly electric fish, fish that generate a weak electric field that emanates around their body and helps them with communication and navigation. The team created an augmented reality for the fish so they could observe how a fish’s movements changed as their feedback from the environment changed.

Inside the tank, the fish hovered within a tube where they wiggled back and forth constantly to maintain a steady level of sensory input about their surroundings. First, the researchers changed the environment by moving the tube in a way that was synchronized with the fish’s movement, making it harder for the fish to extract the same amount of information. Next they made the tube move in the opposite direction of the fish, making it easier for the fish. In each case, the fish immediately increased or decreased their swimming to get the same information. They swam harder when the tube’s movement gave them less sensory feedback and they swam less when they could get could get more feedback from with less effort. The findings were even more pronounced in the dark when the fish had to lean more on their electro sense.

Because Cowan is a roboticist and most of the authors on this team are engineers, they hope the biological insight can be used to build robots with smarter sensors. Sensors are rarely a key part of robot design now but these findings made Cowan realize they perhaps should be.

“Surprisingly engineers don’t typically design systems to operate this way,” says

**Debojyoti Biswas**, a graduate student at Johns Hopkins and the lead author. “Knowing more about how these tiny movements work might offer new design strategies for our smart devices to sense the world.”This work was supported by James McDonnell Foundation Complex Systems Scholar Award grant 112836; Collaborative National Science Foundation Award, grants 1557895 and 1557858 and National Science Foundation Research Experiences for Undergraduates grant 1460674.

## Watch How a Fish Explore the World

**Read More:**

**Meet Kevin Dimaculangan Microsoft Excel World Champion 2018**

**Artificial Intelligence in Chinese Classrooms**

## Friday, 9 November 2018

### What is Independent learning and how to cultivate independent learner

## What is independent learning?

Independent Learning’ is often linked with other approaches to learning such as ‘personalisation’, ‘student-centered learning’ and ‘ownership’ of learning.

Independent learning is a process, a method and a philosophy of education in which students set their goals, monitor and evaluate their own academic development, so they can manage their own motivation towards learning. They make decisions about what they will focus on and how much time they will spend on learning both inside and outside the classroom.

Key ingredient in independent learning is to shift the responsibility for the learning process from the teacher to the student. Independent learning did not merely involve students working alone; teachers have a key part to play in enabling and supporting independent learning though, for example, structuring group work. A student can share a problem with another student on his course or even in another discipline to find a solution.

## Benefits of independent learning

In independent learning environment, students are more motivated to learn and are more actively involved in their learning than those who study in more restrictive environments.

An independent learner has many benefits such as: -

- Improved academic performance
- Better Decision making
- Increased motivation and confidence
- Greater awareness of their limitations and their ability to manage them

## How to promote Independent Learning

A teacher can avoid the pitfalls of spoon feeding by presenting active learning methods that will encourage students to become independent learners and thinkers.

**“Spoon feeding, in the long run teaches us nothing but the shape of the spoon.” ~~ E.M. Forster.**

A teacher wants to develop their students into independent learners. In so doing, he hopes that the students can take control of their own learning – both inside the classroom and beyond.

There are a number of practices a teacher can build into their teaching to encourage independent learning during every lesson. These include:

### Inspire student motivation

Motivation, both intrinsic and extrinsic, is a key factor in the success of students at all stages of their education, and teachers can play a pivotal role in providing and encouraging that motivation in their students. Of course that’s much easier said than done, as all students are motivated differently and it takes time and a lot of effort to learn to get a classroom full of students enthusiastic about learning, working hard, and pushing themselves to excel.

Use the power of your relationship with students to show a passion for learning. When you embody passion for learning, your students are more likely to have a powerful, positive emotional connection to learning that will inspire their motivation to continue to learn.

### Encourage your students to set goals and develop a plan

It is easy to set an arbitrary goal for some point in the future; however, it is quite different to consciously choose a realistic goal to attain and develop an action plan in order to achieve it. Understanding how to set realistic goals and developing a plan to achieve these goals is essential in helping students understand who they are as learners and provides them with the opportunity to reflect upon their journey, instead of simply focusing on successes and failures.

Support them in making a commitment to themselves to get started on achieving their goals. Assist them in affirming their commitment to organize themselves, manage their focus over time, and limit time-wasting distractions.

### Create Learning environment for the students

Every student learns a bit differently from the next, the environment itself plays a significant role in their development. Safe learning environments translate into comfortable learning environments. They are places where learners feel at home.

Allow students to be openly expressive and encouraging to others. In surroundings where students are willing to open their minds and actually listen to what you have to say, you can empower them to achieve their highest potential.

### Let the Students Teach

Letting students teach is scary but it’s also a great way for them to learn. Research indicates that students learn better when they teach. As a teacher you’re someone who wants to help students improve their independent thinking skills. Simply telling students that they would later teach another student changes their mindset enough so that they engage in more effective approaches to learning.

### Ask Open-Ended Questions

Open ended questions encourage extended responses, as opposed to yes or no, or one word answers. They invite students to reason, reflect and think. Instead of predictable answers, open-ended questions elicit fresh and sometimes even startling insights and ideas, opening minds and enabling students to build knowledge.

### Provide written and/or oral feedback

Feedback is an essential part of effective learning. It helps students understand the subject being studied and gives them clear guidance on how to improve their learning.

Feedback is information that a teacher gives to students that helps them close the gap between where they are now with their work, and where they could be. The goal of feedback is to provide students with insight that helps them to improve their performance.

**Read More:**

## Friday, 19 October 2018

### Examples of Net Present Value (NPV) in Excel

**Example #1: Cash Inflow Project**

The management of a company is considering to purchase an equipment to be attached with the main manufacturing machine. The equipment will cost $10,000 and will increase annual cash inflow by $4,000. The useful life of the equipment is 6 years. After 6 years it will have no salvage value. The management wants a 25% return on all investments. Calculate net present value (NPV) using excel formula. Should management purchase this equipment?

**Solution:**

Net Present value = $1,806

**Purchase decision:**

In this example, the management should purchase this equipment because the net present value is positive ($1,806). Having a positive net present value means the project will give a rate of return that is higher than the minimum rate of return (i.e. 25%).

**Note:**

Investments in assets are usually made with the intention to generate revenue or reduce costs in future. The net present value method is used not only to evaluate investment projects that generate cash inflow but also to evaluate investment projects that reduce costs.

**Example #2: Cost Reduction Project**

SMT manufacturing company is planning to reduce its labor costs by automating a critical task that is currently performed manually. The automation requires the installation of a new machine. The cost to purchase and install a new machine is $50,000. The installation of machine can reduce annual labor cost by $15,000. The life of the machine is 10 years. The salvage value of the machine after fifteen years will be zero. The required rate of return of the company is 25%. Should SMT Manufacturing Company purchase the machine?

**Solution:**

Net Present Value=$3,558

**Purchase decision:**

**SMT Manufacturing Company should purchase the machine because net present value is positive. It means the present value of the cost savings is greater than the present value of the initial cost to purchase and install the machine.**

**Example #3:**

Calculate the net present value of a project which requires an initial investment of $350,000 and it is expected to generate a cash inflow of $70,000 each month for 6 months. Assume that the salvage value of the project is zero. The target rate of return is 24% per annum.

**Solution:**

Net present value= $42,100

This investment decision seems good because its net present value (NPV) is positive.

**Uneven Cash Flow**

Notice that the projects in the above examples generate equal cash inflow in all the periods. Such a flow of cash is known as even cash flow. But sometimes projects do not generate equal cash inflows in all the periods. When projects generate different cash inflows in different periods, the flow of cash is known as uneven cash flow.

**Example #4:**

An initial investment of $15,000 thousand on plant and machinery is expected to generate cash inflows of $8,500 thousand, $10,000 thousand, $7,000 thousand and $4,000 thousand at the end of first, second, third and fourth year respectively. At the end of the fourth year, the machinery will be sold for $1000 thousand. Calculate the net present value of the investment if the discount rate is 20%.

**Solution:**

Net present value= $5,490

This investment decision seems good because its net present value (NPV) is positive.

**Example #5:**

A project requires an initial investment of $500,000 and is expected to generate the following net cash inflows:

Year 1: $180,000

Year 2: $162,000

Year 3: $148,000

Year 4: $145,000

Year 5: $135,000

Year 6: $100,000

Calculate net present value of the project if the minimum desired rate of return is 20%.

**Solution:**

Net present value= $5,818

The project seems attractive because its net present value (NPV) is positive.

**Read More:**

Net Present Value using NPV and XNPV in Excel

Excel Financial Functions PV, NPER and RATE

Best Financial Functions in MS Excel

## Friday, 12 October 2018

### Net Present Value Using NPV and XNPV in Excel

##

What is Net Present Value?

Net present value (NPV) is a core component of corporate budgeting. It is a comprehensive way to calculate whether a proposed project will be value added or not. The calculation of NPV encompasses many financial topics in one formula: cash flows, the time value of money and the discount rate over the duration of the project.

This is the difference between the present value of cash inflows and the present value of cash outflows over a period of time.

This is the difference between the present value of cash inflows and the present value of cash outflows over a period of time.

##

How to calculate NPV

The following is the formula for calculating NPV:

In the above equation:

Ct = Net cash inflow during the period t

Co = Total initial investment costs

r = Discount rate

t = Number of time periods

In the above equation:

Ct = Net cash inflow during the period t

Co = Total initial investment costs

r = Discount rate

t = Number of time periods

**Example**

An investment of $250,000 today is expected to return $100,000 of cash each year for 5 years. What will be the net present value if the future cash receipts are discounted by 14%?

Solution: The $250,000 being spent today is already a present value, so no discounting is necessary for this amount. However, the future cash receipts of $100,000 for 5 years need to be discounted to their present value.

## How to use Net Present Value in Excel

Most financial analysts never calculate the net present value by hand nor with a calculator, instead, they use Excel.

Excel offers two functions for calculating net present value:

1. NPV

2. XNPV

Excel offers two functions for calculating net present value:

1. NPV

2. XNPV

## #1: NPV

The NPV function assumes that all cash flows in a series occur at regular intervals (i.e. years, quarters, months) and doesn’t allow for any variability in those time period.**Syntax:**=NPV (rate, value1, [value2], ...)

Rate: Required, The rate of discount over the length of one period

Value1, value2, ...: Cash flows, value1 is required, subsequent values are optional.

**Example #1**

We will take the same example that we took earlier to calculate the net present value (NPV) using excel formula.

**Key Points:**

1. Cash inflows have a positive sign, while cash outflows are negative.

2. A positive NPV means the investment is worthwhile, an NPV of 0 means the inflows equal the outflows, and a negative NPV means the investment is not good for the investor.

**Example #2**

Note that, in this example, the initial investment of $10,000 (in cell B2), is made at the end of the first period. Therefore, this value is included as the first value1 argument to the NPV function.

## NPV Complication

The assumption in the above examples is that all payments and incomes must be equally spaced in time, and occur at the end of each period. This is obviously unrealistic.## #2: XNPV

The XNPV function allows for specific dates to be applied to each cash flow so they can be at irregular intervals. The function can be very useful as cash flows are often unevenly spaced out, and this enhanced level of precision is required.**Syntax:**=XNPV (rate, values, dates)

Rate: Required. The discount rate to apply to the cash flows.

Values (Cash Flows): This is an array of numeric values that represent the payments and income where:

1. Negative values are treated as outgoing payments (negative cash flow).

2. Positive values are treated as income (positive cash flow).

Dates (of Cash Flows): t is an array of dates corresponding to an array of payments. The date array should be of the same length as the values array.

**Example #1**

Suppose a company XYZ is keen on analyzing the estimated viability of a key project that demands an early outflow $30,000. Over the four years period, the project seems to deliver revenues of $7000, $18,000, $24,000 and $35,000, respectively. The projected discount rate expects to be 10%.

In the given below excel sheet cash inflows and outflows are represented with the corresponding dates.

**Note:**Calculating the present value of an amount to be received in the future is called discounting. When the future value of a present amount is calculated, it is called capitalization.

## Saturday, 8 September 2018

### Excel Financial Functions- PV, NPER and RATE

## #1 - PV

The Excel PV function is a financial function that returns the present value of an investment based on a series of future payments.

The Present Value formula has a broad range of uses and may be applied to various areas of finance including corporate finance, banking finance, and investment finance.

**Syntax:**

**=PV(Rate, Nper, Pmt, Fv, Type)**

In mathematics, PV will be calculated by this formula:

### The examples of the PV Function

**Example 1:**

Calculate the present value of an annuity that pays $500 per month for a period of 10 years. The interest is 5% per year and each payment is made at the end of the month.

Since payments are made monthly and there are 12 months in a year so

Rate = interest rate percentage will be divided by 12 =5%/12

Nper = Number of years will be multiplied by 12 =10*12

Pmt = Payment amount=-$500(As the payments are outgoing)

Fv=0 (Default Value)

Type=0 (Each payment is made at the end of the month)

Click the tab

**Formulas**-> Financial -> Select PV ->Enter the values -> Click OK
PV function will return the present value of an investment

In this Example PV= $47,140.68

**Example 2:**

Calculate the present value of an annuity that pays $2,500 per quarter for a period of 5 years. The interest is 10% per year and each payment is made at the start of the quarter.

Since payments are made quarterly and there are 4 quarters in a year so

Rate = interest rate percentage will be divided by 4 =10%/4

Nper = Number of years will be multiplied by 4 =5*4

Pmt = Payment amount=-$2,500(As the payments are outgoing)

Fv=0 (Default Value)

Type=1 (Each payment is made at the start of the quarter)

Click the tab

**Formulas**-> Financial -> Select PV ->Enter the values -> Click OK### #2 - NPER

The Excel NPER function is a financial function that returns the number of periods for loan or investment.

**Syntax: =NPER(Rate, Pmt, Pv, Fv, Type)**

In mathematics, NPER will be calculated by this formula:

### The examples of the NPER Function

**Example 1:**

An amount $300 is paid per year for a loan of $2000 at an interest rate 10% per annum. calculate the number of periods required to repay the loan.

Since payments are made Yearly so

Rate = 10%

Pmt = Payment amount=-$300 (As the payments are outgoing)

Pv=Loan=2000

Click the tab

**Formulas**-> Financial -> Select NPER ->Enter the values -> Click OK
NPER function will return the number of periods for a loan

In this example NPER= 11.53 Years

**Example 2:**

You wish to make an investment of $5,000 and want to earn $100,000. The interest rate is 5% per annum. You will make a monthly payment of $1,000. Calculate the number of monthly investment required to earn $100,000.

Since payments are made mothly and there are 12 Months in a year so

Rate = interest rate percentage will be divided by 12 =5%/12

Pmt = Payment amount=-$1000 (As the payments are outgoing)

Pv=Investment=$5,000

Fv=Future Value=$100,000

Type=1 (Each payment is made at the start of the month)

Click the tab

**Formulas**-> Financial -> Select NPER ->Enter the values -> Click OK
In this example NPER= 88.5 Months= 7.4 Years

### #3-RATE

The Excel RATE function is a financial function that returns the interest rate per period of an annuity. You can use RATE to calculate the periodic interest rate, then multiply as required to derive the annual interest rate.

**Syntax: =RATE(Nper, Pmt, Pv, Fv, Type, Guess)**

In mathematics, RATE will be calculated by this formula:

### The examples of the RATE Function

**Example 1:**

An amount $500 is paid per year for a loan of $1500 for 4 years. Calculate the interest rate.

Since payments are made Yearly so

Nper = Number of years = 4

Pmt = Payment amount = -$500 (As the payments are outgoing)

Pv = Loan = $1,500

Click the tab

**Formulas**-> Financial -> Select RATE ->Enter the values -> Click OK
RATE function will return the interest rate per period of a loan

In this example RATE= 13% per annum

**Example 2:**

Calculate the interest rate required to save $100,000, over 5 years, with a starting value of zero, and monthly savings of $1000. The payments are to be made at the start of each month.

Since payments are made Monthly and there are 12 months in a year so

Nper = Number of years will be multiplied by 12 =5*12

Pmt = Monthly Payment = -$1,000 (As the payments are outgoing)

Pv = Present Value = 0

Fv = Future Value = $100,000

Type = 1 (Each payment is made at the start of a month)

Click the tab

**Formulas**-> Financial -> Select RATE ->Enter the values -> Click OK
In this example monthly interest RATE= 1.6% and yearly interest rate=12*1.6=19%

## Thursday, 23 August 2018

### Best Financial Functions in MS Excel

##
**What is Financial Analysis **

Financial analysis is the process of evaluating businesses, projects, budgets and other finance-related entities in order to determine its profitability, liabilities, strengths and future earnings potential.

Financial analysis is used to evaluate economic trends, set financial policy, build long-term plans for business activity, and identify projects or companies for investment. When looking at a specific company, a financial analyst conducts analysis by focusing on the income statement, balance sheet, and cash flow statement. Microsoft Excel is the most important tool of Financial Analysts.

They spend most of their time using financial functions. These functions perform many of the common financial calculations, such as the calculation of future value of an investment, interest rates, duration, valuation and depreciation.

Though there are many Financial Functions in MS Excel, but here I will explain some of them.

## #1-PMT

The PMT function calculates how much each payment is going to cost for a given loan.

**Syntax:**=PMT(Rate, Nper, Pv, [Fv], [Type])

In mathematics, PMT will be calculated by this formula:

### Example of the PMT Function

Imagine that you are taking out a $500,000 loan at 10% interest that you want to pay off in 15 years through monthly payments.

To calculate what you’d owe each month, you’d calculate:

**Rate**= interest rate percentage divided by 12 (because payments are made monthly and there are 12 months in a year)

**Nper**= number of payments = months in a year * number of years

**Pv**= Original amount of the loan

**Fv**=0 (Default Value)

**Type**=0 (Default Value)

Click

**Formulas**->**Financial**-> Select**PMT**->Enter the values -> Click**OK**
PMT function will calculate what you’d owe on a monthly basis

in this Example PMT=

**$5,373.03**

## #2- FV

The FV function calculates the future value of a particular investment which has a constant interest rate.

**Syntax:**=FV(Rate, Nper, PMT, [Pv], [Type])

In mathematics, FV will be calculated by this formula:

### Examples of the FV Function

**Example 1:**

Imagine that you have invested $4,00,000 today. With an interest rate of 8%, What would be the FV in 6 years?

To calculate the future value:

Click

**Formulas**->**Financial**-> Select**FV**->Enter the values -> Click**OK**
FV function will return the future value of an investment

In this Example FV=

**$634,749.73**

**Example 2:**

Imagine that if you invest $1,500 per year for 10 years with an interest rate of 5%, how much will you have in 10 years?

To calculate the future value:

Click

**Formulas**->**Financial**-> Select**FV**->Enter the values -> Click**OK**
FV function will return the future value of an investment

In this Example FV=

**$18,866.84**## #3- FVSCHEDULE

This financial function is important when you need to calculate the future value with the variable interest rate.

**Syntax:**=Fvschedule(Principle, Schedule)

### Example of the FVSCHEDULE Function

Imagine that you have invested $1,000 at the end of 2017. In 2018, 2019 & 2020, the interest rates would be 6%, 7% & 8% respectively. How much will you have in 2019?

To calculate the future value:

Click

**Formulas**->**Financial**-> Select**FVSCHEDULE**->Enter the values -> Click**OK**
FVSCHEDULE function will return the future value of an investment for a series of compound rates.

In this Example FV=

**$1,224.94**## Friday, 10 August 2018

### Meet Kevin Dimaculangan-Microsoft Excel world champion 2018

### What is the MOS World Championship

The Microsoft Office Specialist World Championship presented by Certiport, Inc. is a global competition that tests students’ skills on Microsoft Office Word, Excel® and PowerPoint® (2013 or 2016). Top students are invited to represent their respective countries at the World Championship. In some countries or regions, students are required to participate in a National Championship, and the winners of that event continue on to the World Championship.

### Microsoft Office World Champion

Fifteen-year-old Kevin Dimaculangan, a student at Dunbar High School isn't just proficient at using Microsoft Excel but he proved it by winning the 2018 Microsoft Office Specialist World Championship for Excel 2016 in Orlando last week.

Kebin recieved a medal, a trophy and $7,000.

"Well, when I heard my name up on stage, I was a little surprised, but it did feel really awesome," Kebin said.

He is the second American in a row to earn first place in the Microsoft Excel 2016 category. Last year, it was 17-year-old high school student John Dumoulin from Woodbridge, Virginia.

When Kevin heard last year that one of his teachers was offering a Bluetooth speaker as a prize for winning IT certifications, he decided to try his hand at a Microsoft Excel certificate. Out of 1,000 points, he got 1,000. A perfect score. He then decided to take the examination at the expert level. Another perfect score.

During the competition, students are given a series of instructions and are asked to recreate Excel files, he said. Whoever creates the closest replica to the original wins.

"Time doesn't really matter because pretty much no one gets to finish," he said. "The main point is being accurate."

Along with Kevin, the winners from the other categories were from Taiwan, Thailand, New Zealand and Hong Kong.

When asked about his plans for the future, Kevin said something no one has ever said before: "For Excel, there's not too much more to learn."

**Read more:**

**Financial Functions-PV, NPER, RATE**

**Financial Functions-PMT, FV, FVSCHEDULE**

**Formula and Functions in MS Excel**

**Create a Grade Sheet using Pivot Table in MS Excel**