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A 70-year female needs insurance coverage for only 2-years. She finds an insurance company that is willing to sell her a 2-year term insurance policy
A 70-year female needs insurance coverage for only 2-years. She finds an insurance company that is willing to sell her a 2-year term insurance policy with a death benefit of $200,000. What is the net single premium if i = 7%, 970 = 0.03, and q71 0.04? (death benefit is paid at the end of the year of death) O A. $12,594.99 B. $12,315.49 C. $12,385.36 D. $12,228.14
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