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Describe the mechanism and controlling factors of wave erosion.
Present Value
The present value of a future amount of money or series of cash flows, considering a certain interest rate.
Semiannually
Semiannually means occurring twice a year, typically at six-month intervals.
Discounted
A financial term referring to an instrument, transaction, or cash flow that is valued in present terms, taking into account the time value of money.
Present Value
The current value of a future sum of money or stream of cash flows given a specified rate of return, used in the evaluation of investment opportunities.
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