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What is the sequence of net premiums for 1-year term policies with face amounts equal to $1,000 for a male for the ages 60 to
What is the sequence of net premiums for 1-year term policies with face amounts equal to $1,000 for a male for the ages 60 to 62, assuming an interest rate of 6 percent? Assume premiums are paid at the beginning of the year and claims are paid at the end of the year. Using mortality and the assumption in the text (premiums paid at the beginning of the year, claims paid at the end of the year), the net premiums for a sequence of one year term policies would be
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