For a fully discrete whole life insurance of 1000: (i) The gross premium reserve at the...
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For a fully discrete whole life insurance of 1000: (i) The gross premium reserve at the end of the 10th year is 220. (ii) The gross premium reserve at the end of the 11th year is 230. (iii) Expenses in the 11th year are 10 (payable at the beginning of the year) (iv) The gross premium, calculated using the equivalence princilple, is 35. (v) The net premium is 20. (vi) i = 0.045. Determine qx+10- For a fully discrete whole life insurance of 1000: (i) The gross premium reserve at the end of the 10th year is 220. (ii) The gross premium reserve at the end of the 11th year is 230. (iii) Expenses in the 11th year are 10 (payable at the beginning of the year) (iv) The gross premium, calculated using the equivalence princilple, is 35. (v) The net premium is 20. (vi) i = 0.045. Determine qx+10-
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