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What is another term for professional liability insurance?
Rule of 72
A mathematical rule to estimate the number of years required to double an investment at a given annual fixed interest rate.
$10,000
A numerical figure representing a specific amount of money, notable in various financial contexts.
Cash Flows
signify the net amount of cash being transferred into and out of a business, crucial for assessing liquidity, flexibility, and overall financial health.
Net Present Value
A financial metric that calculates the value of a series of cash flows by discounting them to their present value, used to assess the profitability of investments.
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