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Describe the importance the Nile played in ancient Egyptian society.
Annuity
A financial instrument that provides a consistent series of payments to a person, often utilized as a source of income for individuals in retirement.
Cash Payback Period
The length of time required for an investment to generate cash flows sufficient to recover the initial cost of the investment.
Residual Value
The estimated salvage value or end-of-useful life value of an asset after all depreciation has been deducted.
Net Cash Flow
The amount of cash generated or used by a company in a specific period, calculated as cash received minus cash spent.
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