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A comprehensive weight-control program should include a balanced, reduced-Caloric diet and
Present Value
A payment’s economically equivalent amount at a prior date, allowing for the time value of money.
Compounded Annually
Describes the process of calculating interest on both the initial principal and the accumulated interest from previous periods once a year.
Present Value
The present value of a future amount of money or series of cash flows using a predetermined rate of return.
Perpetuity
A financial term for a stream of cash payments that continue indefinitely.
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