Examlex
Use , , and the properties of logarithms to approximate to four decimal places. Do not use a calculator.
Disaster Bonds
Financial instruments that are issued to provide insurance companies with liquidity in the event of a disaster, transferring the risk to investors.
Natural Disasters
Severe and unexpected natural events that can cause significant damage to life, property, and the environment.
Insurance Companies
Businesses that provide coverage, in the form of compensation resulting from loss, damage, injury, treatment, or hardship in exchange for premium payments.
Required Rate
The minimum annual percentage earned by an investment that will persuade the individual or company to invest.
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