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Pure Discount Loan
A loan where the borrower receives a single lump sum payment at maturity instead of periodic payments, with interest incorporated in the repayment amount.
Present Value Problem
A calculation to determine the current value of a future amount of money or stream of cash flows given a specified rate of return.
Perpetuity
A financial instrument or investment that pays a fixed amount of cash flows indefinitely.
Annuity
An economic offering that guarantees regular payouts to an individual, typically used to supplement the income of those who are retired.
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