2.4. An insurance company issues 20 year annuities-due to lives aged 55 on January I, 1982 when...

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2.4. An insurance company issues 20 year annuities-due to lives aged 55 on January I, 1982 when the single premiums are payable. The amount of the total annuity payments if $1,460,000 in 1990 dropping to $1,430,000 in 1991. Using a 6% annual rate of interest, obtain the mortality profit or loss for the year 1990.

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