For Each Historical Identification Question, Define the Term and Briefly

question 97

Short Answer

For each historical identification question, define the term and briefly describe its historical significance.
steamboats

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Definitions:

Investment

An asset or item acquired with the goal of generating income or appreciation in value, often involving wealth being used today in the hope of future benefits.

Annual Payments

Regular payments made once a year, often used in the context of loans, annuities, or insurance policies.

APR

Annual Percentage Rate, which represents the annual cost of borrowing or the annual yield from an investment.