2.5. An insurance company issues 15 year term certain insurances of $7000 to lives aged 40 on...

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2.5. An insurance company issues 15 year term certain insurances of $7000 to lives aged 40 on January I, 1980. The premiums are payable annually. From the 800 policyholders alive at the beginning of 1990, 796 survive to the end of the year. Find the mortality profit or loss for the year 1990 based on a 6% annual interest rate.

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