3.11. An insurance on a life aged 50 pays $7000 at the moment of death if death...

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3.11. An insurance on a life aged 50 pays $7000 at the moment of death if death occurs after the age of 55. Based on a 6% annual rate of interest, find the present value and the standard deviation of the insurance.

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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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3.11. An insurance on a life aged 50 pays $7000 at the moment of death if death...

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An Introduction To Actuarial Mathematics

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