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3. (15 points) For a fully discrete whole life insurance of 1000 on (20): (i) Mortality follows the Standard Ultimate Life Table. (ii) i =

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3. (15 points) For a fully discrete whole life insurance of 1000 on (20): (i) Mortality follows the Standard Ultimate Life Table. (ii) i = 0.04 (iii) The annual premium is 6. Calculate the probablity that the future loss is greater than 0

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