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Identify the Typical Elements in a Process Control System

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Identify the typical elements in a process control system.


Definitions:

Discounted Values

Discounted values are the present values of future cash flows, calculated using a discount rate to account for the time value of money.

Present Values

The today's equivalent worth of a future money sum or cash flows, with a particular rate of return taken into account.

Net Cash Values

The amount of cash that could be received if a policy, such as life insurance, is surrendered to the company issuing the policy before its maturity or the insured event occurs.

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