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4,000 people age (30) each pay an amount P, into a fund. Immediately after the 1,000th death, the fund will be dissolved and each of
4,000 people age (30) each pay an amount P, into a fund. Immediately after the 1,000th death, the fund will be dissolved and each of the survivors will be paid $50,000. Mortality follows the LTAM Life Table, using linear interpolation at fractional ages. i = 12% Calculate P (Note: nothing is paid out before the 1,000th death and then the survivors are paid) O a. Less than 100 O b. At least 100, but less than 110 O c. At least 110, but less than 120 O d. At least 120, but less than 130 O e. At least 130
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