1.1. A 20 year pure endowment insurance of $2000, on a life aged 30, is purchased by...

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1.1. A 20 year pure endowment insurance of $2000, on a life aged 30, is purchased by a single premium. Find the expressions for the prospective and retrospective reserves at the end of each policy year. Evaluate the reserves numerically at the end of year 6 and year 18. Use a 6% annual rate of interest.

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