I Spend $60 Per Month on Bus Fares to Work

question 16

Multiple Choice

I spend $60 per month on bus fares to work. One day I decide to buy a mountain bike for $1680 and to ride to work instead. Assuming I work 12 months in a year, and my MARR is 1% per month, compounded monthly, what is the discounted payback time for this investment?

• A)two years five months
• B)two years seven months
• C)two years eight months
• D)two years nine months
• E)two years ten months

Compare and contrast modernization and dependency theories as explanations for the mechanisms of globalization.

Describe the role of technology in the context of globalization.

Understand and analyze the relevance of postcolonial and feminist theories in globalization discourse.

Assess the issues associated with structural adjustment programs and understand their purpose.

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Definitions:

Journal Entries

A record in accounting that is used to log debits and credits for transactions and events into the accounting system.

Investment Account

An account held by an individual or entity, typically at a financial institution, that holds funds and securities for investment purposes.

Related Income

Income generated from transactions or arrangements between entities that have a relationship with each other.

Zebrafish

A small freshwater fish often used in scientific research due to its transparent embryos and rapid development.