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Which proposition is equivalent to "Leah runs much faster than Michelle"?
Future Value
The value of an asset or cash at a specified date in the future that is equivalent in value to a specified sum today.
Discount Rate
The interest rate used to calculate the present value of future cash flows.
Present Values
The today's worth of a future cash amount or cash flow series, determined by a given rate of return.
Discounting
The process of determining the present value of future cash flows by applying a discount rate, reflecting the time value of money.
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