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1. (10 points) A fully discrete whole life insurance with sum insured $10 000 is issued to a select life aged 1. The net premium

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1. (10 points) A fully discrete whole life insurance with sum insured $10 000 is issued to a select life aged 1. The net premium is $134 and is calculated by means of the equivalence principle. You are given that = 0.00106 and i = 0.045. Calculate V

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