Examlex
What is the formula you should use to determine a bank account's future value in one year?
Salvage Value
The estimate of an asset's worth at the end of its useful life.
Average Accounting Return
A financial ratio that measures the net profit of a project or investment as a percentage of its initial cost.
Straight-line Depreciation
A method of allocating the cost of a tangible asset over its useful life in equal yearly amounts.
Net Income
The comprehensive earnings of a corporation after expenses and taxes have been taken away from its revenues.
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