Answer:
5. all of the above
Explanation:
The steady progress of industry refers to the constant progression and enlargement of the different industries that exist in the United States of America. This was made possible because of many factors that allowed progression to take place and broke down the roadblocks that may otherwise have prevented it. Such factors include, new sources of energy allowed industry to develop, man's creative mind developed, methods to increase production improved, and even methods of transportation and communication were developed.
Answer:
a) The Maximum Liam should be willing to pay is $23,089
Explanation:
The maximum amount Liam should be willing to pay for the investment is the present value of the future amount of 52,000 discounted at 7%.
The present value of a future sum is its worth in today's terms.This represents how much Liam should be offered now to make him indifferent about the choice of receiving $52,000 in the future.
For example, It is the amount that should be invested today at 7% to become $52,000 in 12 years time.
The present value (PV) of a future sum (FV) can be ascertained using the formula below:
PV = FV × (1+r)^(-n)
PV = 52,000× (1+0.07)^(-12)
= 52,000×0.4440
= 23,088.62
= $23,089
The Maximum Liam should be willing to pay is $23,089
Texas's tax structure is one of the most regressive in the country. This is due to the reliance on the sales tax. This is further explained below.
<h3>
What is sales tax?</h3>
Generally, sales tax is a tax levied on sales or on the proceeds of sales.
In conclusion, One of the nation's most regressive tax systems is found in Texas. This results from the use of the sales tax.
Read more about sales tax
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