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Compute the present value of an ordinary annuity that pays $13,000 per year for 15 years at 10%.
Present value of ordinary annuity of $1:
Process Innovation
The implementation of a new or significantly improved production or delivery method. This includes significant changes in techniques, equipment, and/or software.
Reverse Innovation
An innovation seen first, or likely to be used first, in the developing world before spreading to industrialized nations.
Outsourced
The act of hiring external organizations or individuals to perform tasks, handle operations, or provide services that are either difficult to manage or are outside of the business's core competencies.
Sustainable Business
An enterprise that operates in a way that preserves or enhances economic opportunity, environmental health, and social equity for current and future generations.
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