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The proximity effect refers to the emotional similarity of two people.
Present Value
The present worth of a future amount of money or a series of cash flows, discounted at a certain rate of return.
Annual Lease Payment
The total amount payable over a year under the terms of a lease agreement.
Operating Lease
An operating lease is a leasing agreement that allows the lessee to use an asset temporarily without transferring the risks and rewards of ownership.
Annual Rent Payments
Periodic payments made by a lessee to a lessor, often stipulated in a lease contract, to use a property for a specified term each year.
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