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Alice, aged 40, purchases a whole life policy of 100,000. If N40 = 5000, N41 = 4500, i = .05, and the insurance is payable
Alice, aged 40, purchases a whole life policy of 100,000. If N40 = 5000, N41 = 4500, i = .05, and the insurance is payable at the moment of death, use the approximation formula to find the price.
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