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Convergent Evolution Occurs When

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Convergent evolution occurs when


Definitions:

Compound Interest

Interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan.

Cash Payback Period

The length of time required for an investment to generate cash flows sufficient to recover the initial outlay.

Present Value Factors

The numerical values used to calculate the present value of future cash flows, based on a specific discount rate.

Desired Rate of Return

The minimum rate of return on an investment that an investor considers acceptable, given its risk and alternative options.

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