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What is the NPV of a project that costs $100,000 and returns $45,000 annually for three years if the opportunity cost of capital is 14 percent?
Fiat Money
Money that is recognized as legal tender by a government, though it lacks backing by any tangible asset.
Fundamental
A basic, underlying factor or principle that is essential to the structure or function of a system or market.
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Purchasing Power
The value of a currency expressed by the quantity of goods or services that one unit of money can buy.
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