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he survival function of a newborn is given by: S_0(X) = 1- (x/110). Suppose that the force of interest is i=5%. A whole life (40)
he survival function of a newborn is given by: S_0(X) = 1- (x/110). Suppose that the force of interest is i=5%. A whole life (40) policy provides a benefit of $100 at the time of your death. Calculate directly (analytically, not by approximation) the A-40 actuarial present value of the benefit of this insurance
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