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A 10-year deferred annuity-due issued to (x) includes a failure benefit during the deferred period that is a refund of the net single premium with
A 10-year deferred annuity-due issued to (x) includes a failure benefit during the deferred period that is a refund of the net single premium with interest at the same rate i used to calculate the premium. The terminal reserve at the end of year 9 is 15.238 and the interest rate is i = 0.05 . Calculate the net single premium
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