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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
The following table shows the average life expectancies in several countries. Assume that all premiums you calculate are based on endofmonth deposits in a fund yielding annual interest compounded monthly to be paid out when a person reaches the life expectancy. HINT See Example
tableCountryJapan,Canada,UKUSMexico,China,IndiatableLifeExpectancy:MaletableLifeExpectancy:Female
Calculate the life insurance monthly premium that a yearold female in Japan would pay for a $ policy. Round your answer to the nearest cent. $
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