100 independent lives, each age 20, contribute equal amounts to establish a fund which will pay 10,000...
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100 independent lives, each age 20, contribute equal amounts to establish a fund which will pay 10,000 at the end of the year of death of each individual. Given ^/?20 = (-98/ and / = .06, find the amount that each must contribute to have 95% confidence that all claims will be paid.
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Theory Of Interest And Life Contingencies With Pension Applications A Problem Solving Approach
ISBN: 978-1566983334
3rd Edition
Authors: Asa Michael M. Parmenter, Ph.d.
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