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A Dentist Has Two New Patients

question 78

Essay

A dentist has two new patients.One patient is single and has no children.The other patient is a parent with six children.All children are between the ages of five and twelve.What factors can the dentist utilize from the demographics mentioned to determine the value of each customer?

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Definitions:

Term Deposits

Fixed-term savings accounts that typically offer higher interest rates, where money is locked in for a certain period.

Surplus Funds

Excess money or assets that remain after all expenses have been paid.

Maturing

The process by which a financial instrument reaches its due date and the principal is required to be repaid.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the principal.

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