Define each of the following terms:f. Residual value

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter11: Venture Capital Valuation Methods
Section: Chapter Questions
Problem 14DQ
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Define each of the following terms:
f. Residual value

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Introduction:

Residual value is one of the elements of leasing computation or process. It defines the upcoming worth of a good on the basis of absolute worth in monetary terms and it is occasionally abridged into a proportion of the initial price when the item was new.

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