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d ) You are hired as a consultant in a fund of Ksh 5 , 0 0 0 , 0 0 0 which has 1

d) You are hired as a consultant in a fund of Ksh 5,000,000 which has 10,000
members aged 60. The fund accumulates at an interest rate of 4% per annum
and will be divided by all members who survive to age 65. Based on AM92
Ultimate mortality, what is the expected payout for each survivor?
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