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Annuity
An annuity is a financial product that pays out a fixed stream of payments to an individual, typically used as an income stream for retirees.
Internal Rate of Return
A financial metric used to evaluate the profitability of potential investments, measuring the rate of return where the net present value of all cash flows from a particular project equals zero.
Present Value Factors
Mathematical factors used in calculating the present value of future cash flows, considering the time value of money.
Cash Outlay
The actual amount of cash spent by a business on expenses, such as purchasing assets, repaying debts, or covering operational costs.
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