Examlex
In terms of premium cost, the most expensive type of insurance is:
Market Rate
The prevailing interest rate available in the marketplace for transactions involving similar assets or liabilities.
A Premium
An amount paid exceeding the nominal or face value of a security or insurance policy.
Effective Yield
Effective yield is an investment's annual rate of interest when compounding occurs more often than once a year.
Present Value Factors
A factor used to calculate the present value of a future amount, considering the time value of money and interest rates.
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