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The following table shows the average life expectancies in several countries. Assume that all premiums you calculate are based on end of month deposits in
The following table shows the average life expectancies in several countries. Assume that all premiums you calculate are based on end of month deposits in a fund yielding annual interest compounded monthly to be paid out when a person reaches the life
expectancy.
Calculate the life insurance monthly premium that a yearold female in Japan would pay for a $ policy. Round your
anawer to the neareat cent.
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