Show your steps clearly. Write your justification as to why you will be using the formulas in
each step. It is due Dec. 14, 2018.
- Dan Hook deposits $400 a month to a retirement account that has interest rate of 3.1%,
compounded monthly. After making 60 deposits, Dan changes his job and stops making
payments for 3 years. After 3 years, he starts making deposits again, but now he deposits $525
monthly. What will the total value of the retirement accounts be
a. After Dan makes his $400 monthly deposit for five years?
b. Eight years after his first deposit of $400?
c. After Dan makes his $525 monthly deposits for 5 years?
Marxism is the political and economic theories of Karl Marx and Friedrich Engels. In Marx’s and Engel’s The Communist Manifesto (1998), they stated that “The history of all hitherto existing society is the history of class struggles”. As labour became increasingly more productive with so much advancements as settled agriculture and the domestication of animals and plants, the communities were able to deliver a surplus well beyond the necessities of resources such as food, shelter and clothing. It was no longer fundamental for all to work because some individuals or group (the wealthy or bourgeoisie) could live by the work of others (the proletariat). This political and economic system is known as capitalism. This resulted in human social orders separated into rulers and ruled, exploiters and exploited that is, class based societies emerged. Marx recognises the conflict between the distinct social classes as a constant throughout history, bringing about revolutions and changing the structure of society. Overall, Marx is against the internal mechanism of capitalism. How it relates to planning? According to Allmendinger’s Planning Theory (2002), he argues that cities and planning are reflections of capitalism and at the same time it help constitute it. Towns and urban areas work as places for production and consumption of labour and goods. Markets have been conventionally connected with town centres and location was driven by access and markets were regularly found in area that were easily accessible such and near crossroads. “Marxism continues to pose key questions about the origins, character and lines of development of economic and social systems of the modern world” (Andrew Gamble, 1999, p.4). His analysis raises the important issues it has towards planning. You could say capitalism has a relationship with land-use and it requires planning in terms of the services and infrastructure. Fur>GET ANSWER