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Competitive markets lead to Pareto efficiency but not necessarily income equality.
Present Value
The current worth of a future sum of money or stream of cash flows, given a specific rate of return.
Monthly Payment
A regularly scheduled payment, typically made each month, towards a debt or other financial obligation.
Annuities
Financial products that pay out a fixed stream of payments to an individual, typically used as an income stream for retirees.
Present Values
The current value of a future sum of money or stream of cash flows given a specified rate of return.
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