Answer: $101,197
Explanation:
First find the periodic interest rate for 6 months because the rate is per year.
= 0.25% / 2
= 0.125%
There are 2 semi annual periods in a year so in 10 years:
= 2 * 10
= 20 periods
Use future value of annuity formula:
= Amount * ((1 + rate)^periods - 1) / rate
= 5,000 * (( 1 + 0.125%) ²⁰ - 1) / 0.125%
= $101,196.45
= $101,197
Answer: To avoid any perception of “taxation without representation,” the Articles of Confederation allowed only state governments to levy taxes. ... The country's economic woes were made worse by the fact that the central government also lacked the power to impose tariffs on foreign imports or regulate interstate commerce.
The answer is Lan Tribes and Laundi Tribes.