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Unformatted text preview: Human capital: form of intangible capital, includes skill and knowledge of workers Expected rate of return: the annual rate of return that a firm expects to obtain through a capital investment Present value: price/(1+rate)^n ,n is the number of years ; PV=( R) / (1+r)^t Chapter 11 Wednesday, October 19, 2011 10:06 PM Econ 2106 Page 1...
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- Fall '06