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How do we develop a habit to change behavior?
Present Value
The current worth of a future sum of money or stream of cash flows given a specified rate of return.
Future Value
Value of cash flows at a future date, taking into account interest accumulated between when the cash flow occurred and the future date.
Double-Declining Balance
An accelerated method of depreciation that doubles the rate at which an asset’s book value declines compared to straight-line depreciation.
Straight-Line Depreciation
A method of allocating the cost of an asset evenly over its useful life.
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