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Provide clear definitions for IRR ( Internal Rate of Return ) and NPV ( Net Present Value ) . Discuss how IRR can be used

Provide clear definitions for IRR

(

Internal Rate of Return

)

and NPV

(

Net Present Value

) .

Discuss how IRR can be used in the context of life insurance policies.Share interesting facts and insights about your home country's insurance industry, comparing it to Canada if applicable.

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