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Calculate the individual risk premium that would be charged today on an insurance product that pays claims of $20,000 in 3 years from today, $30,000
Calculate the individual risk premium that would be charged today on an insurance product that pays claims of $20,000 in 3 years from today, $30,000 in 10 years from today, and $50,000 in 10 years from today. Use an interest rate of 6% per annum.
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