Examlex
Briefly explain what is meant by "compression of morbidity" and describe how it changes the discussion of the issues facing a society with an expanding older population.
APR
Annual Percentage Rate; the annual rate charged for borrowing or earned through an investment, accounting for compounding over the year.
Savings Account
A bank account where money is kept for savings purposes and earns interest over time.
Stated Interest Rate
The annual interest rate declared on a bond or loan, not accounting for compounding or the effect of any fees.
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