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The net single premium for a $10,000 whole life insurance policy issued to (40) is $4,000. At the end of 10 years, the benefit reserve
The net single premium for a $10,000 whole life insurance policy issued to (40) is $4,000. At the end of 10 years, the benefit reserve on a $50,000 whole life insurance policy issued to (30) is $7,000. The net single premium for a $10,000 whole life insurance policy issued to (30) is P. All contracts are fully discrete. Determine P.
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