Examlex
Explain the difference between ordinal and cardinal utility.
Present Value
The present-day assessment of a future sum of money or cash flow series, after considering a specified rate of return.
Cash Flows
The net amount of cash being transferred into and out of a business.
Compounded Monthly
Compounded monthly refers to the process of calculating interest on an investment or loan by adding the interest earned to the principal, so that each subsequent interest calculation is made on a larger base.
Cash on Hand
The amount of cash a company or individual has available at any given time.
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