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ABC Life Insurance Company is offering a new product. The product is a two - year term insurance policy funded by a single premium at
ABC Life Insurance Company is offering a new product. The product is a twoyear term insurance policy funded by a single premium at the start of the first year. Death claims are paid at the end of the year in which death occurs. A portion of the appropriate mortality table is shown below. The first number is age, the second is the number alive at the start of the year, and the last number is the number dying during the year.
tableAgeAge
Using a interest rate, the present value of $ one year from today is and the present value of $ two years from today is Assuming a interest rate, what is the net single premium for a $ twoyear term policy issued at age
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