George and Sarah purchase a continuous annuity of 20,000 per year payable as long as at least
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George and Sarah purchase a continuous annuity of 20,000 per year payable as long as at least one of them survives. Assuming lix = .05 for George, //^ — .04 for Sarah, and 6 — .08, find the net single premium for this annuity.
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Related Book For 
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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