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actuarial science 1. A man aged 59 and a man aged 60 each purchase whole life policies which pay $1,000 at the end of the
actuarial science
1. A man aged 59 and a man aged 60 each purchase whole life policies which pay $1,000 at the end of the year of death. The EPV for the older man is $50 greater than that for the younger. If q59=0.10 and i=0.10, find the EPV of the benefit to (60). 1. A man aged 59 and a man aged 60 each purchase whole life policies which pay $1,000 at the end of the year of death. The EPV for the older man is $50 greater than that for the younger. If q59=0.10 and i=0.10, find the EPV of the benefit to (60) Step by Step Solution
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