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You are given the following formula from the previous actuarial mathematics course: Please help me with this homework. Thank you very much!!! You are given
You are given the following formula from the previous actuarial mathematics course:
Please help me with this homework. Thank you very much!!!
You are given the following formula from the previous actuarial mathematics course: P. = exp(-9% ,ds). For a Type A universal life policy of 100,000 on (35): The cost of insurance rate is 1, = 0.0002(1.05"). Interest is credited at 0.05 effective. The cost of insurance is discounted at i, = 0.05. AV = 30,000 No premium is paid, and no expense is charged, in the 11" year. Determine the cost of insurance for the 11th year. . You are given the following formula from the previous actuarial mathematics course: P. = exp(-9% ,ds). For a Type A universal life policy of 100,000 on (35): The cost of insurance rate is 1, = 0.0002(1.05"). Interest is credited at 0.05 effective. The cost of insurance is discounted at i, = 0.05. AV = 30,000 No premium is paid, and no expense is charged, in the 11" year. Determine the cost of insurance for the 11th yearStep by Step Solution
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