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Briefly Explain the Different Types of Health Insurance

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Briefly explain the different types of health insurance.

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Definitions:

Rate Of Return

The gain or loss on an investment over a specified period, expressed as a percentage of the investment's initial cost.

Present Value

The present worth of a future amount of money or series of cash flows, calculated using a given interest rate.

Annuity

A series of equal cash flows at fixed intervals.

Equal Cash Flows

Financial inflows or outflows that are identical in amount over specified periods.

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