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2. 16 marks] You are given: The actuarial present value of a 1,000 discrete five-year term insurance issued to (18), i.e. 1,000A!, for x =

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2. 16 marks] You are given: The actuarial present value of a 1,000 discrete five-year term insurance issued to (18), i.e. 1,000A!, for x = 18, is 0.83. The following actuarial present value of insurances: Age x 1,000 A 1,000(IA) 18 49.39 2,749.48 19 51.69 2,835.60 20 54.10 2,923.64 21 56.63 3,013.59 22 59.27 3,105.43 23 62.04 3,199.11 Calculate the actuarial present value of an 1,000 discrete annually decreasing five-year term insurance issued to (18), i.e. 1,000(DA) for x = 18. 2. 16 marks] You are given: The actuarial present value of a 1,000 discrete five-year term insurance issued to (18), i.e. 1,000A!, for x = 18, is 0.83. The following actuarial present value of insurances: Age x 1,000 A 1,000(IA) 18 49.39 2,749.48 19 51.69 2,835.60 20 54.10 2,923.64 21 56.63 3,013.59 22 59.27 3,105.43 23 62.04 3,199.11 Calculate the actuarial present value of an 1,000 discrete annually decreasing five-year term insurance issued to (18), i.e. 1,000(DA) for x = 18

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