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Unlike other animals, humans are able to continually build off of the knowledge and achievements of past generations. The textbook refers to this ability as ____.
Future Cash Flows
Estimates of future financial transactions that involve the inflow or outflow of money from a particular operation or investment.
Present Value
The current worth of a future sum of money or stream of cash flow given a specified rate of return.
Compound Interest
The addition of interest to the principal sum of a loan or deposit, where interest also earns interest from that moment on.
Earnings Rate
The return on an investment or the rate at which a company or asset generates income, typically expressed as a percentage.
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