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You are given the following formula from the previous actuarial mathematics course: P. = exp(-1* w,ds) . For a Type A universal life policy of
You are given the following formula from the previous actuarial mathematics course: P. = exp(-1*" w,ds) . For a Type A universal life policy of 100,000 on (35): The cost of insurance rate is 4, = 0.0002(1.05"). Interest is credited at 0.05 effective. The cost of insurance is discounted at i, = 0.05. AV,0 = 30,000 No premium is paid, and no expense is charged, in the 11th year. Determine the cost of insurance for the 11 year. You are given the following formula from the previous actuarial mathematics course: P. = exp(-1*" w,ds) . For a Type A universal life policy of 100,000 on (35): The cost of insurance rate is 4, = 0.0002(1.05"). Interest is credited at 0.05 effective. The cost of insurance is discounted at i, = 0.05. AV,0 = 30,000 No premium is paid, and no expense is charged, in the 11th year. Determine the cost of insurance for the 11 year
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