Examlex
________ is a decision support tool, often based on an Excel model, in which the user sets a target value for a particular variable, such as profit/ loss, and tells the program which variable to change to try to reach the objective.
Actuarial Information
Data and analysis provided by actuaries, concerning the evaluation of financial risks, especially those related to insurance and pensions, using mathematics, statistics, and financial theories.
Capital Lease
A lease agreement that is classified as a purchase by the lessee for accounting purposes, allowing the lessee to benefit from asset depreciation and interest expense deductions.
Present Value
The current value of a future sum of money or stream of cash flows given a specified rate of return, often used in discounting cash flows.
Annuity Due
An annuity where payments are made at the beginning of each period instead of the end.
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