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To calculate the future value of an ordinary annuity due, use the following formula:
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Reimbursement
The process of compensating someone for out-of-pocket expenses incurred on behalf of another party.
Strict Liability
A legal principle where an individual or entity is responsible for damages or harm caused by their actions, regardless of negligence or intent.
Inherently Dangerous
Refers to activities, substances, or products that possess potential risks or harm that cannot be entirely mitigated through reasonable care or precautions.
Substantially Departed
A term describing a significant deviation or departure from agreed-upon terms or expectations in a legal or formal context.
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