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Exercise 6.2 Consider a veyear term insurance issued to a select life age: 40 by a single premium, with sum insured $1 million payable immediatel; on death. Assume that mortality follows the Standard Select Life Table, witJ UDD between integer ages, and assume an interest rate of 5% per year. (a) Write clown an expression for the net loss at issue random variable. (b) Calculate the net single premium. (6) Calculate the probability that the contract makes a prot