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The "discount rate" is the rate at which the "discount" must grow as the delay in payment is extended. This fact is directly tied into the time value of money and its calculations. The present value of $1,000, 100 years into the future. Curves representing constant discount rates of 2%, 3%, 5%, and 7%
Aggregate US hospital costs were $387.3 billion in 2011—a 63% increase since 1997 (inflation adjusted). Costs per stay increased 47% since 1997, averaging $10,000 in 2011 (equivalent to $13,544 in 2023 [31] ). [128] As of 2008, public spending accounts for between 45% and 56% of US healthcare spending. [129]
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In 2007, MiWay was the first test site for the new Presto card; Presto was adopted across the entire MiWay system in May 2011. Since launching the Presto card in Mississauga, MiWay has issued more than 9,000 cards; as of 2012, they were being used for more than 2.4 million trips within the system. [6]
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