EQUIVALENT ANNUAL ANNUITY APPROACH - EAA
One of two techniques used in capital budgeting to differentiate mutually exclusive projects with unstable lives. It computes the steady annual cash flow earned by a project within its lifespan if referring to an annuity. The current worth of the constant annual cash flows is precisely equivalent to the project’s net present value (NPV). In comparing projects with irregular lives, choose the one with higher EAA.
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SPDA
Single-premium deferred annuity (SPDA) is a kind of annuity contract. It is established by the owner by making a single-lump payment. The annuity p ...
Timber Investment Management Organization - TIMO
Investment management group regulating forestry and timber investments on behalf of institutional investors. Acting as a broker for their clients, ...
Okun Gap
This macroeconomic term explains the condition when an economy's potential gross domestic product (GDP) varies from its actual gross domestic p ...
BOB - Bolivian Boliviano
Currency abbreviation for the Bolivian boliviano, the official currency of Bolivia. Introduced in 1864, the currency is comprised of 100 centavos.< ...
Martin S. Feldstein
An accomplished economic professor and economist, President Emeritus of the National Bureau of Economic Research (NBER), and John Bates Clark Medal ...
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