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For a 20 yr term insurance issued to (40), for an amt of 250000 insured, payable upon death at the end of the year of
For a 20 yr term insurance issued to (40), for an amt of 250000 insured, payable upon death at the end of the year of death if death occurs during the term. Calculate the annual premium payable at the beginning of each yr. Use the equivalence principle.
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