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insurance math number 3 A 20-year endowment insurance on (30) pays 1 at the moment of death or at the age 50, whichever comes first.

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insurance math number 3

A 20-year endowment insurance on (30) pays 1 at the moment of death or at the age 50, whichever comes first. You are given: Mortality is uniformly distributed with u = 120 8 = 0.04 Calculate the expected present value of the endowment insurance! A 20-year endowment insurance on (30) pays 1 at the moment of death or at the age 50, whichever comes first. You are given: Mortality is uniformly distributed with u = 120 8 = 0.04 Calculate the expected present value of the endowment insurance

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