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Insurance companies willingly take on our risks for a fee

Economics

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Insurance companies willingly take on our risks for a fee. Give an example of a risk that you or someone else has chosen to insure.

How could you use your technology skill and Microsoft Excel to organize, analyze, and compare data to decide if a specific insurance is a good value for the example you gave? Think about the cost and consequences of not having insurance versus the cost of the insurance over time.

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