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A continuous insurance policy is issued to (40). The insurer pays 100$ if (x) dies between ages 40 and 60. Moreover, this policy pays a
A continuous insurance policy is issued to (40). The insurer pays 100$ if (x) dies between ages 40 and 60. Moreover, this policy pays a survival benefit of 5000$ if the policyholder is alive at age 65. The mortality is De Moivre with = 100 and = 6%. Define the present value random value Z and graph it.
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