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Locke says, "What is it determines the will? The true and proper answer is, intuition. For that which determines the general power of directing, to this or that particular direction, is nothing but the agent itself exercising the power it has that particular way."
Residual Value
The estimated value that an asset will have at the end of its useful life, after it has been depreciated.
Present Value
The current value of future monetary amounts or sequences of cash inflows, factoring in a specific rate of interest.
Annuity
A monetary tool that issues a predetermined sequence of payments to someone, commonly used to generate an income for those who have retired.
Earnings Rate
The rate at which a company or investment generates income relative to a specific amount of assets, capital, or equity.
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