The fact that the manufacturing plant dumps chemical waste into a nearby river and poisons the water supply is an Externality.
<h3>What is an externality?</h3>
An externality is an effect that a third party feels as a result of a transaction or event that has little to nothing to do with them.
The manufacturing plant is dumping its chemical waste in the river and polluting the water supply for the environment. This is a negative externality that the town had nothing to do with.
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Answer:
$882.03
Explanation:
Interest rate used is 7.23%
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow in year 1 to 12 = 58
cash flow in year 13 = 1058
I = 7.23
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Tax progressivity refer to a system in which individuals earn more pay higher taxes.
United States taxation system is considered tax progressive, individuals who earned up to $ 8,375 fell to the 10% tax bracket, meanwhile those who earn more than $ 373,650 fall to the 35 % tax bracket
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