Written by This calculator calculate the future value, present value, and time period of an annuity,
A lump sum refers to a single, complete payment of a sum of money, typically all at once rather than in installments. It’s a one-time payment that covers the entire amount owed or agreed upon, without the need for further payments. A lump sum is also defined as a fixed and complete amount of money paid at once, rather than being paid in installments or on a regular basis.
