1.12. A 20 year annuity-due of $8000 per annum, deferred 5 years is purchased for a life...
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1.12. A 20 year annuity-due of $8000 per annum, deferred 5 years is purchased for a life aged 60 by monthly premiums payable in the 5 years of the deferment period. Based on a 6% annual rate of interest, find the reserves at the end of years 3, 5, and 10.
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Related Book For 
An Introduction To Actuarial Mathematics
ISBN: 978-9048159499
1st Edition
Authors: Arjun K. Gupta ,Tamas Varga
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