A Certain Machine Will Last One Year, Will Produce $120

question 103

Multiple Choice

A certain machine will last one year, will produce $120 in income (received one year later) , and will cost $100.The lowest interest rate at which this investment will be unprofitable is

• A)10 percent.
• B)11 percent.
• C)19 percent.
• D)22 percent.

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Definitions:

Abolishment of Slavery

The formal termination of the legal status of slavery, often achieved through legislative acts.

Founding Documents

Historic texts or writings that outline the foundational principles and laws of a nation or organization, such as the U.S. Constitution and Declaration of Independence.

Manifest Destiny

Phrase first used in 1845 to urge annexation of Texas; used thereafter to encourage American settlement of European colonial and Indian lands in the Great Plains and the West and, more generally, as a justification for American empire.

Economic Depression

A severe and prolonged downturn in economic activity characterized by significant decline in GDP, high unemployment, low spending, and deflation.