Asked by
Ankita Makin
on Nov 17, 2024
Verified
A series of equal cash flows at fixed intervals is termed an annuity.
Fixed Intervals
Regular, predetermined periods of time during which certain activities or operations occur.
Equal Cash Flows
A series of identical cash inflows or outflows occurring over a specified period.
Annuity
A series of equal cash receipts spaced equally in time; a series of equal net cash flows at fixed time intervals.
- Understand the principle of net cash inflows and their significance in making capital budgeting choices.
Verified Answer
SS
Learning Objectives
- Understand the principle of net cash inflows and their significance in making capital budgeting choices.