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Whose work was the basis for the principle of uniformitarianism and the unavoidable necessity of a great age for Earth?
Ordinary Annuity
A series of equal payments made at equal intervals over a period of time, with the first payment occurring at the end of the period.
Present Value
The existing value of a future sum or cash flow sequence, assessed with a certain rate of return.
Compounded Annually
An interest calculation method where interest is added to the principal sum at the end of each year, affecting future interest calculations.
Present Value
The current value of a future sum of money or stream of cash flows given a specified rate of return.
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