Examlex
Explain what is meant by an "enduring power of attorney."
Cash Payback
A capital budgeting method that estimates the time required for an investment to generate cash flows sufficient to recover its initial cost.
Internal Rate of Return
A financial metric used in capital budgeting to estimate the profitability of potential investments, calculated as the discount rate that makes the net present value of all cash flows from a particular project equal to zero.
Present Value Factor
A multiplier used to calculate the present value of a future amount of money or stream of payments.
Straight-Line Depreciation
A method of allocating the cost of a tangible asset over its useful life in a linear fashion.
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