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List and explain potential advantages and disadvantages of postponement.
IRR
Internal Rate of Return; a financial metric used to evaluate the profitability of investments.
Variance
A measure of the spread of a set of values, calculated as the average of the squared deviations from the mean.
Index Funds
Mutual funds or ETFs designed to track the components of a market index, offering broad market exposure and low operating expenses.
Expected Monetary Value
A statistical concept that calculates the average outcome of a future event that may or may not happen, taking into account all possible scenarios and their probabilities.
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