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Discount Rate
The interest rate used to determine the present value of future cash flows in discounted cash flow analysis.
Time Value
The idea that possessing money today has greater value than having an identical amount in the future, thanks to its ability to earn more over time.
Tax Deductions
Expenses that can be subtracted from gross income to reduce the total amount of income subject to taxation, effectively lowering the overall tax liability.
Diminishing Value
A reduction in the worth of an asset over time, often due to wear and tear or obsolescence.
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