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Generally, around the globe there are 105 boys born for every 100 girls. However, recently in some countries, this ratio has been altered with a much larger proportion of boys being born. What is the primary reason for this shift to a higher proportion of male births?
Annuity Contract
A financial product offered by insurance companies that provides a series of payments at regular intervals for a specified period or for life.
Present Value
Today's value of a future monetary amount or a string of cash flows, considering a specified rate of return.
Periodic Interest Rate
The interest rate charged or earned over a particular period of time, often monthly, quarterly, or annually, as opposed to the annual percentage rate (APR).
Annuity
A retirement funding product that assures fixed payments over time to the receiver, primarily aimed at providing a stable income for retirees.
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