Examlex
The strength of a person's needs remains constant irrespective of the situation.
Lump Sum
A single payment made at a particular time, as opposed to several smaller payments or installments.
Interest Rate
The cost of borrowing money or the return on investment, represented as a percentage of the principal.
Annuities
Financial products that pay out a fixed stream of payments to an individual, primarily used as an income stream for retirees.
Discount Rate
The interest rate charged by central banks on loans they give to commercial banks.
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