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What Are Some of the Characteristics Required for Cities to Develop

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What are some of the characteristics required for cities to develop?


Definitions:

Cash Flow

The overall flow of cash and assets similar to cash entering and exiting a corporation.

Present Value

The value today of a sum of money expected in the future or a series of financial inflows, calculated with a specified rate of interest.

Future Value

An estimation of a current asset's value on a future date, determined by projecting its growth rate over time.

Mortgage Rate

The interest rate charged on a mortgage loan, determining the cost of borrowing for purchasing property.

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