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Use the information in the table to compute the minimum premium an insurance company should charge for a $ 2 million five - year term
Use the information in the table to compute the minimum premium an insurance company should charge for a $ million fiveyear term life contract for a man aged Assumptions: Premium is paid at the beginning of each year. Death occurs halfway through a year. Interest is per year wi semi annual compounding.
tableProbabilityof DeathAgewithin Year
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