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3. For a fully discrete 3-year term life insurance for 1000 on (x): (i) Mortality rates are: (ii) Expense rates are: Per Policy (iii) 1'

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3. For a fully discrete 3-year term life insurance for 1000 on (x): (i) Mortality rates are: (ii) Expense rates are: Per Policy (iii) 1' = 6% Using the equivalence principle, calculate: (a) The net premium (b) The gross premium

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