Refer to Table 10-1. Using the table above, what is the approximate average annual growth rate from 2013 to 2016?

Nancy is considering forming a 5 year business partnership with Claudia. Nancy believes her portion of the partnership will generate the following profits:

Year Profits Present Value 1 $2,000 2 $4,000 3 $12,000 4 $15,000 5 $18,000 Nancy's appropriate discount rate is 6%. To join the partnership, Nancy needs to invest $30,000. Does the partnership offer a rate of return in excess of 6%?

A tax of a specific absolute sum levied on every person in the nation is called a(n)

a. income tax b. proportional tax c. progressive tax d. equitable tax e. poll tax