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Describe the role of insurance companies.
Role of Insurance Companies:
The main objective of insurance companies is to prevent individuals and firms (termed as policy-holders) by adverse events. All insurance companies entertain premiums by policy-holders, and promise to pay compensation to policy-holders when particular events happen. There are two main segments into the industry: life insurance conversely, and property and causality insurance onto the other.
If Metropolis Healthcare Systems have 1,150,000 in cash. How long will it take them to accumulate 2,000,000 in cash? Assume an interest rate of 5%..
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