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Problem 4: Let us consider a fully discrete premium of a special 20-year endowment insurance on the individual (30) with premiums for 20 years. The

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Problem 4: Let us consider a fully discrete premium of a special 20-year endowment insurance on the individual (30) with premiums for 20 years. The equivalence principle premium is de noted by Q. We know that - the death benefit is 3000 during the first 10 years and 1000 during the next 10 years, and the endowment benefit is 1000; e effective annual interest rate 1 0.01: - the standard discrete annuity-due values 30.20 = 15, 30:16 = 9 and 40:10 = 8. Compute the value of premium

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