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_____ are (is) an integral and important part of our normal,everyday lives. ____ reinforce important cultural concepts,and we have very complex emotional reactions to people of different groups according to Cottrell and Neuberg (2005) .What is this?
Discounted
The process of determining the present value of a future amount by applying a discount rate.
Present Value
The current value of a future sum of money or stream of cash flows, discounted at a specified rate of return.
Present Value
The current worth of a future sum of money or stream of cash flows, given a specified rate of return or discount rate.
Discounting
The process of determining the present value of future cash flows by applying a discount rate.
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