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10. For a fully discrete 30-year term insurance on (25) for 1000: Expenses are 55% of premium plus 10 in year 1 Expenses are 10%

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10. For a fully discrete 30-year term insurance on (25) for 1000: Expenses are 55% of premium plus 10 in year 1 Expenses are 10% of premium plus 5 in other years Mortality follows the Standard Ultimate Life Table i0.05 Calculate the gross annual premium using the equivalence principle

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