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The Small Business Innovation Research Program Was Started by the National

question 137

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The Small Business Innovation Research Program was started by the National Science Foundation and spread to 10 other federal agencies with an annual budget in excess of $100 million.


Definitions:

Equal Cash Flows

Consistent payments or receipts over a period of time in an investment or finance context.

Fixed Intervals

Regular, specified periods of time between events or actions.

Annuity

A financial product that pays out a fixed stream of payments to an individual, typically used as an income stream for retirees.

Compound Interest

Compound interest is the interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.

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