1.13. A 10 year term certain insurance of $8000 is issued to a life aged 30. Based...

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1.13. A 10 year term certain insurance of $8000 is issued to a life aged 30. Based on a 6% annual rate of interest, find the reserve at the end of year 3, if

a) the premium is payable annually for the whole term of the insurance.

b) the premium is payable annually for a term of 5 years.

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An Introduction To Actuarial Mathematics

ISBN: 978-9048159499

1st Edition

Authors: Arjun K. Gupta ,Tamas Varga

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Question Posted: Nov 01, 2024 07:01 AM

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1.13. A 10 year term certain insurance of $8000 is issued to a life aged 30. Based...

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An Introduction To Actuarial Mathematics

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