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MATCHING
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Equivalent
A term expressing a state of equality or equivalency in value, function, or meaning.
Cash Held
Physical money held by a business in its cash registers or cash box, used for daily operations.
Present Value
The present-day valuation of coming monetary sums or cash flow sequences, upon applying a defined rate of return.
Compounded Annually
The process wherein the interest earned on an investment is added to the principal each year, and in the subsequent year, interest is earned on this new principal.
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