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8.12 An insurance policy provides for death benefits payable at the moment of death. The amount payable for death at time t is e0.08t, for
8.12 An insurance policy provides for death benefits payable at the moment of death. The amount payable for death at time t is e0.08t, for all t > 0. The force of mortality is a constant 0.06 and the force of interest is a constant 0.04. Net level premiums are payable at a constant rate for life. Find the rate of premium payment.|
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Design And Maintenance Of Accounting Manuals
Authors: Harry L. Brown
3rd Edition
0471253685, 978-0471253686
