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Exercise 3.37 An injured worker submits a Worker Compensation claim. It is decided that she is entitled to annual medical payments of 20 000 for
Exercise 3.37 An injured worker submits a Worker Compensation claim. It is decided that she is entitled to annual medical payments of 20 000 for the next 10 years and equal annual indemnity payment for the next 20 years. The medical payments will begin immediately, and indemnity payment will begin in one years time. The insurance company has established a fund of 680 000 to support these payments. Find the amount of each annual indemnity payment assuming i=0,07. Shadow Mode
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