In 2009,which Age Group Had the Highest Average Total Medical

question 54

Multiple Choice

In 2009,which age group had the highest average total medical expenditures? (Cost Advantage)

• A)Adults aged 65 an older
• B)Adults aged 45-64
• C)Adults aged 18-44
• D)Children aged 5-17

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Definitions:

Compounded Semiannually

Interest calculation technique where interest is added to the principal sum twice a year, enhancing the base amount for future interest calculations.

Present Value

The existing value of a future amount of money or series of payments, factoring in a chosen rate of return.

Beginning of Every Quarter

This refers to the start of each three-month period in a year, often used in financial contexts for reporting and interest calculation.

Annuity

A financial service that offers a continual payment stream to its holder, primarily aimed at funding the post-retirement life of individuals.