Robin Clark Has a Cell Phone That She Uses Only

question 27

Short Answer

Robin Clark has a cell phone that she uses only for emergencies. The cost of the phone is $40 a month. The cellular company is offering unlimited nights and weekends for an additional $10 a month ($120 a year). Robin thinks it would be "cool" to have this benefit and after all $10 a month is not so much. Show Robin how much she will have in 20 years if she invests this $120 a year at 9% instead of accepting the unlimited nights and weekends offer.

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Definitions:

Alienated

Feeling isolated and separated from one's social surroundings or oneself, often discussed in the context of work and labor.

Industrial Production

The process of manufacturing goods in large quantities using machinery and industrial techniques, typically within factories.

Ideology

A comprehensive set of beliefs, values, and ideas that an individual or group holds, which influences perceptions and behaviors.

Economic Exchanges

Transactions involving the transfer of goods, services, or money between parties, forming the basis of economic systems.