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Correct answer is 0.94747. Exercise 5.9 Consider a whole life annuity-due of 1 per year issued to (50). Calculate the probability that the total payment

image text in transcribedCorrect answer is 0.94747.

Exercise 5.9 Consider a whole life annuity-due of 1 per year issued to (50). Calculate the probability that the total payment made under the annuity (without discounting) is greater than the EPV of the annuity at issue. Basis: Standard Ultimate Life Table, interest at 5% per year. Exercise 5.9 Consider a whole life annuity-due of 1 per year issued to (50). Calculate the probability that the total payment made under the annuity (without discounting) is greater than the EPV of the annuity at issue. Basis: Standard Ultimate Life Table, interest at 5% per year

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