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At the end of 2009 we had 1,500,000 PIF (Policies in Force). 60% of those policies were non-preferred (in one of our non-preferred companies). What

At the end of 2009 we had 1,500,000 PIF (Policies in Force). 60% of those policies were non-preferred (in one of our non-preferred companies). What would be the annualized growth rate needed to increase preferred PIF by 100,000 policies over five years? Show your work.

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