Question: Building on Exercise 7.1, explain how to revise formulas for coinsurance premiums, policy benefits, and reserve credits using the stand-alone method (Formulas 7.5.1 through 7.5.8

Building on Exercise 7.1, explain how to revise formulas for coinsurance premiums, policy benefits, and reserve credits using the stand-alone method (Formulas 7.5.1 through 7.5.8 and 7.5.19).

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