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Attrition is the rate at which policyholders leave the company. If our attrition rate is 9.0% annually and we start out with 129,800 policyholders, how
Attrition is the rate at which policyholders leave the company. If our attrition rate is 9.0% annually and we start out with 129,800 policyholders, how many of those policyholders are still with us after 5 years assuming no growth? Show your work.
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