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As the unit manager,you spend a day performing direct patient care and work with a new system that is designed to capture patient documentation at the bedside.During discussions with staff while giving care,you discover that the number of screens that need to be opened during documentation makes charting more complex and time-consuming than traditional manual charting approaches.On the basis of this feedback,you:
Present Value
The immediate valuation of a prospective sum of money or sequences of cash payments, utilizing a certain return rate.
Rate of Return
A calculation that determines the percentage gain or loss on an investment relative to the investment's cost.
Years
Units of time measuring the duration of 365 days (or 366 days in a leap year), commonly used to quantify time.
Effective Annual Rate
The interest rate on an investment or loan that considers the effect of compounding over a one-year period.
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