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The implementation and operation phase of the systems development life cycle is the most expensive and time-consuming phase of the entire life cycle.
Equity Financing
A method of raising capital through the sale of shares in a company, giving investors ownership interests.
Ownership Interests
Pertains to rights or claims individuals or entities have in an asset, potentially entitling them to income generated by the asset and a share in the asset's liquidation proceeds.
Nominal Rate
The stated interest rate of a financial instrument, not accounting for inflation or compounding effects.
Effective Rate
The actual interest rate on a loan or investment, taking into account the effects of compounding and other factors.
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