1.7. A 15 year term insurance with a $3000 death benefit payable at the end of the...
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1.7. A 15 year term insurance with a $3000 death benefit payable at the end of the year of death is issued to a life aged 50. The premium is payable continuously for a term of 5 years. Find the annual rate of the premium payment based on a 6% annual interest rate.
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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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