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For a fully discrete 20-year endowment insurance of 10,000 on (50), you are given: (i) Mortality follows the Illustrative Life Table. (ii) i=0.06 (iii)
For a fully discrete 20-year endowment insurance of 10,000 on (50), you are given: (i) Mortality follows the Illustrative Life Table. (ii) i=0.06 (iii) The annual premium is 495. (iv) Expenses are payable at the beginning of the year. (v) The expenses are: First Year Renewal Percent of Premium Per Policy Per 1000 of Insurance 35% 5% (vi) L is the loss-at-issue random variable. 20 5 15.00 1.50 Calculate E[L]. (A)-930 (B)-1080 (C) -1130 (D) -1180 (E)-1230 OA OB OC OD OE Mark
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