Compute the present value (principal) and the compound interest earned for each of the following investments. Use Tables 16-1A&B or 16-2A&B or a calculator.
Definitions:
Caravel
A type of small, highly maneuverable sailing ship developed by the Portuguese in the late 15th century, instrumental in exploration and trade.
Feitoria
historical term for Portuguese trade posts or fortresses established from the 15th century onwards across Africa, Asia, and Brazil for trade and to spread Christianity.
Irrigation Systems
Engineered networks of pumps, canals, barriers, and ditches designed to transport water to agricultural fields to support crop growth in areas lacking sufficient rainfall.
Trade Route
Established paths or corridors across land or sea along which goods are transported and traded between different geographic areas or countries.
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