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Evaluate the following claim, paying particular attention to problems of clarity. Note that claims may also present problems of knowability, though we don't address knowability per se in this chapter.
All of the last three years have been extremely dry.
Net Present Value
The calculation of the present value of an investment's expected cash inflows minus the costs.
Cash Sales Policy
A policy adopted by businesses that requires all purchases to be paid for in cash at the time of sale.
Net 30 Credit Policy
A credit term indicating that payment is due in full 30 days after goods are delivered or services are performed.
Monthly Interest Rate
The interest rate applied each month on a loan or investment, often derived from the annual interest rate divided by twelve months.
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