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Dmitry_Shevchenko [17]
3 years ago
9

Was the industrial "revolution" inevitable, or could americans have maintained a more agricultural economy?

Business
1 answer:
Vladimir [108]3 years ago
5 0
Industrial revolution is inevitable because it is the way to progress. the society today is due to that revolution. <span>The </span>Industrial Revolution<span> is the name given the movement in which machines changed people's way of life as well as their methods of manufacture. About the time of the American </span>Revolution<span>, the people of England began to use machines to make cloth and steam engines to run the machines.</span>
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The new growth theory states that A. technological advances are the responsibility of the government. B. the subsistence level i
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C. technological advances are the result of discoveries and choices.

Explanation:

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3 years ago
What is the value today of a money machine that will pay $4,010.00 per year for 13.00 years?
Maurinko [17]

Answer:

The present value of the machine is $35499

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The annual amount or annuity amount = $4010 per year.

Total number of years = 13 years

Here, the interest rate is not given so we just assume the interest rate = 6% per annum.

Since we have a total number of years and annual payment that occurs for 13 years. We are required to find the present value of the machine. So use the formula to find the present value of the annuity.

The present value of machine = (Annuity amount x (1 – (1+r)^-n) ) / r

The present value of machine = (4010(1 – (1+6%)^-13) ) / 6%

The present value of machine = $35499

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