Economic Concepts - Expected Value, Amortization, Cash Flows

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Hi there,

If I am understanding your request, you are asking for definitions for the words 'expected value', 'amortization' and 'cash flows'.

Expected Value:

In probability theory (and especially gambling), the expected value (or mathematical expectation) of a random variable is the sum of the probability of each possible outcome of the experiment multiplied by its payoff ("value"). Thus, it represents the average amount one "expects" to win ...