Please provide definitions of the following:
Expected Value, Amortization, Cash Flows© BrainMass Inc. brainmass.com December 19, 2018, 9:42 pm ad1c9bdddf
If I am understanding your request, you are asking for definitions for the words 'expected value', 'amortization' and 'cash flows'.
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 ...
The expected values, amortization and cash flows in economic concepts are determined.