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Please solve for G by showing each step including what the EPV of benefits, EPV of expenses, and EPV of premiums. Thank you! Problem 2
Please solve for G by showing each step including what the EPV of benefits, EPV of expenses, and EPV of premiums. Thank you!
Problem 2 (4 points). For a 20-year deferred annuity due issued to (45) that pays $150000 annually for life, you are given - Premiums of G are pain annually during the deferral period. - First year commissions are 40% of premium. - Commissions for years 2-10 are 10% of premium. - Commissions for 1120 are 5% of premium. - a45:10=6.25,a55:10=6.00,a65=7.40. - 10E45=0.30,10E55=0.27. - Premiums are calculated using the equivalence principle. Calculate GStep by Step Solution
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