Examlex
Which of the following uses the greatest amount of water in the United States?
Equivalent Annual Cost
A financial analysis tool used to compare the cost effectiveness of two or more alternatives with different lifespans expressed on an annual basis.
Rate of Return
The gain or loss of an investment over a specified period, expressed as a percentage of the investment's initial cost.
Equivalent Annual Cost
A financial metric used to compare the cost-efficiency of different investments or projects with different lifespans, by calculating their annual costs.
Present Value
The present day value of an anticipated future amount of money or series of cash receipts, calculated with an established rate of return.
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