A fully discrete whole life insurance with sum insured $10 000 is issued to a select life

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A fully discrete whole life insurance with sum insured $10 000 is issued to a select life aged x. The net premium is $134 and is calculated by means of the equivalence principle. You are given that q[x] = 0.00106 and i = 0.045. Calculate 1V.

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Elementary Statistics Picturing the World

ISBN: 978-0134683416

7th edition

Authors: Ron Larson, Betsy Farber

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Posted Date: Sep 16, 2020 09:00 AM

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A fully discrete whole life insurance with sum insured $10 000 is issued to a select life

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Elementary Statistics Picturing the World

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