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Question 5 Show the number of years until a 100,000 whole life insurance payable at the end of year of death that is purchased with

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Question 5 Show the number of years until a 100,000 whole life insurance payable at the end of year of death that is purchased with annual premiums of 3,256 for (60) becomes profitable. You are given the following information: 18P60 = 0.651761 19P60 = 0.619392 Annual premium = 3,256 i = 5.0% Loss if payment at time 18: Loss if payment at time 19: Probability of profit: (5 pts extra credit if you show the probability algebraically below using the net loss random variable) Please show your work below Question 5 Show the number of years until a 100,000 whole life insurance payable at the end of year of death that is purchased with annual premiums of 3,256 for (60) becomes profitable. You are given the following information: 18P60 = 0.651761 19P60 = 0.619392 Annual premium = 3,256 i = 5.0% Loss if payment at time 18: Loss if payment at time 19: Probability of profit: (5 pts extra credit if you show the probability algebraically below using the net loss random variable) Please show your work below

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