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How Does Positional Notation Determine the Value of a Number

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How does positional notation determine the value of a number?


Definitions:

Lessor's Tax Rate

The tax rate applicable to the income earned from leasing assets or property by the lessor.

Capital Lease

A lease agreement that is classified as a purchase by the lessee for accounting purposes, because it transfers substantially all the risks and rewards of ownership.

Present Value

The current worth of a future sum of money or stream of cash flows, given a specified rate of return.

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