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What are the third and fourth steps in the systems approach to training?
Annual Payment
A periodic payment made once a year, often related to financial agreements or obligations.
Discount Rate
The interest rate used to discount future cash flows to their present value, reflecting the time value of money and risk of the cash flows.
Future Cash Flow
Projected cash receipts and disbursements over a future period, indicating the amount of money expected to flow in and out of the business.
Present Value
The contemporary valuation of a future money sum or ongoing cash flows, factoring in a defined interest rate.
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