Economic liberty supports the free enterprise because

The answer is explained below

Explanation:

Economic liberty is the process in which individuals of a society make their own economic decisions. This involves freedom  to produce, trade, invest or use any goods or services they desire. Economic liberty involves profiting from ones own ideas and creativity.

Economic liberty supports the free enterprise because people are given the ability regulate the prices of goods and services, import and export goods and own private properties without the intervention of the government.

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20