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A continuous whole-life annuity on (x) pays 500 per year. Mortality for (x) is constant and the force of interest is 3 times the force
A continuous whole-life annuity on (x) pays 500 per year. Mortality for (x) is constant and the force of interest is 3 times the force of mortality. da = 0.6. Calculate the probability that the present value of payments will be greater than its expected present value. OA. 0.26 O B. 0.35 OC. 0.65 O D. 0.74 O E. Cannot be determined
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Cima Official Learning System Fundamentals Of Business Mathematics
Authors: Graham Eaton
4th Edition
1856177831, 978-1856177832
