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The discount factor is used to calculate the present value of $1 received in year t.
Hudson River
A major waterway in the state of New York, flowing from the Adirondack Mountains to the Atlantic Ocean, known for its beauty and historical significance.
Catholic Dissidents
Individuals or groups who challenge or dissent from the teachings and authority of the Catholic Church.
Trading Companies
Businesses specialized in facilitating international trade by dealing with different aspects such as import-export operations, and sometimes investing in commercial ventures.
Dutch Trading Routes
Networks used by the Netherlands in the 16th to 19th centuries for commerce and colonization, pivotal in establishing Dutch global trade dominance, particularly in spices and slaves.
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