Who was adam smith? he was a philosopher who promoted the idea of free enterprise. he was an economist who spoke against the market economy. he was an official who ran an important government agency. he was a producer who operated a factory in scotland.

This is hard. I think A. He was a philosopher who promoted the idea of free enterprise.

Adam Smith was a scottish political economist and a philosopher. He has become famous by his influential book "The wealth of the nations" (1776). So in short the answer is A, He was a philosopher who promoted the idea of free enterprise.

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