Examlex
When a beam of light in air is incident at an angle of incidence θi < 90° on a piece of glass, the angle of refraction is larger than the angle of incidence.
Years
A unit of time equal to 365 days (or 366 days in a leap year), used in calendar timekeeping.
Present Value
The value right now of a sum of money expected in the future or a sequence of cash inflows, factoring in a specific rate of return.
Discount Rate
This is the rate of interest utilized in the process of discounted cash flow analysis to calculate the current value of future cash flows.
Received
Amounts of money or assets that have been taken in by an individual or organization.
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