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A single one-time receipt or payment of cash is described as a:
ALoan sum
BLump sum
CLease sum
DLedger sum
Answer & Solution
Correct answer: B. Lump sum
1. It happens once, not in a stream.
2. It may be an inflow or an outflow.
3. It is a lump sum.
_Source: OpenStax Principles of Finance 2e, Chapter 7, Time Value of Money I._
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