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The ILO approach to combating child labor stresses
Present Value
The monetary value in present terms of a sum of money to be received later or a flow of cash, using a defined return rate.
Compounding
Compounding is the process in which an asset's earnings, from either capital gains or interest, are reinvested to generate additional earnings over time.
Time Period
A length or duration of time during which events occur or conditions exist, often used in financial contexts to specify the term of analysis or investment.
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