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The present value of $5,000 per year for three years at 12% compounded annually is $12,009. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)
Capital Budgeting
The process of analyzing the needs of the business and selecting the assets that will maximize its value.
Working Capital Management
The process of managing a company's short-term assets and liabilities to ensure it has sufficient liquidity to run its operations effectively.
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