Question
An insurance policy charges a regular risk premium, X, at Years 0,1,2,3,,9 from today. The policy pays a claim of X2 (i.e. XX ) in
An insurance policy charges a regular risk premium, X, at Years 0,1,2,3,,9 from today. The policy pays a claim of X2 (i.e. XX ) in 15 Years from today. Calculate the value of X (to 2 decimal places), assuming an interest rate of 2% per annum.
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Cost Accounting Fundamentals Essential Concepts And Examples
Authors: Steven M. Bragg
3rd Edition
0980069998, 978-0980069990
