Globalization affects all lives across the world with the world being completely connected by it. All of the points given here are valid.
Explanation:
Due to a globalized economy we are able to -
-Buy clothes and items from across the world and get them shipped to us. We also are able to buy things made in different parts of the world.
- The communication between the whole world is now clicks away from each other
- The websites we use are created in other countries sometimes.
-The businesses in one's own country are often foreign businesses.
All of these are things that are happening due to globalization as the world has become completely interconnected and interdependent.
Answer:
The correct answer is A. $18,276
Explanation:
First you have to calculate how much you'd end up having at the end of the 25 years period in your savings account.
You calculate the total amount saved for each year, using the formula:
![S_{n} = S_{n-1} *(1+r)+D](https://tex.z-dn.net/?f=S_%7Bn%7D%20%3D%20S_%7Bn-1%7D%20%2A%281%2Br%29%2BD)
Where
is the total amount in the savings account for this period.
is the total amount in the savings account from the previous period.
is the interest rate.
are the annual deposits being made into the savings account.
Therefore for the first year you'd do:
![S_{1} = S_{0} *(1+r)+D](https://tex.z-dn.net/?f=S_%7B1%7D%20%3D%20S_%7B0%7D%20%2A%281%2Br%29%2BD)
![S_{1} = 0*(1+0.08)+5000=5000](https://tex.z-dn.net/?f=S_%7B1%7D%20%3D%200%2A%281%2B0.08%29%2B5000%3D5000)
For the second year:
![S_{2} = S_{1} *(1+r)+D](https://tex.z-dn.net/?f=S_%7B2%7D%20%3D%20S_%7B1%7D%20%2A%281%2Br%29%2BD)
![S_{2} = 5000*(1+0.08)+5000=10400](https://tex.z-dn.net/?f=S_%7B2%7D%20%3D%205000%2A%281%2B0.08%29%2B5000%3D10400)
And so on. You can help yourself calculate the value of this series using programs like Excel.
I have attached an Excel file that has a table with the savings values for each of the 25 years.
So, the 25th year you’ll have $365,529.70 in your savings account. Now you simply divide this number by 20 (that will be the number of years you’ll be withdrawing the same dollar amount from your savings account):
![Withdrawals = 365,529.70/20=18,276.485](https://tex.z-dn.net/?f=Withdrawals%20%3D%20365%2C529.70%2F20%3D18%2C276.485)
In conclusion, you’d be able to withdraw $18,276.485 each year for the following 20 years after the 25th deposit, if all withdrawals are the same dollar amount.
Answer and Explanation:
There is no contract between Time's and Joshua, because it is not legally binding to each other and it has not been signed by either party. So not a single party is liable for the contract as the contract is unsigned and non-liable
Time has used it as a promotional means only for promoting magazine subscriptions.
Therefore, a case can not be built on letter-based basis.
Investing <span>is riskier but has the potential for a higher rate of return</span>