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For a whole life insurance contact the following assumptions considered i = 4% per annum, Premium = $25 per annum. Sum Assured S = $50,000

For a whole life insurance contact the following assumptions considered

i = 4% per annum,

Premium = $25 per annum.

Sum Assured S = $50,000

qx+k = 0.65% for all KE R

Determine the 4th year reserve for the above contract by stating relevant assumptions

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