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For a special fully discrete 20-year endowment insurance on (40): (i) The death benefit is 1000 for the first 10 years and 2000 thereafter.

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For a special fully discrete 20-year endowment insurance on (40): (i) The death benefit is 1000 for the first 10 years and 2000 thereafter. The pure endowment benefit is 2000. (ii) The net annual premium, determined using the equivalence principle, is 40 for each of the first 10 years and 100 for each year thereafter. (iii) 940+ k=0.001k+ 0.001, k = 8, 9,...,13 (iv) i=0.05 (v) = 7.1 51:9 Calculate the 10th year terminal reserve using the net premiums. (A) 490 (B) 500 (C) 530 (D) 550 (E) 560 OA OB OC OD OE Mark

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