A special 10-year term insurance pays 1 at the moment of death. It also refunds the...

 

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A special 10-year term insurance pays 1 at the moment of death. It also refunds the net single premium without interest if the insured survives 10 years. You are given: (i) μ = 0.01 (ii) 8 = 0.06 Calculate the net single premium. (B) 0.13 (A) 0.12 (C) 0.14 (D) 0.15 (E) 0.16 A special 10-year term insurance pays 1 at the moment of death. It also refunds the net single premium without interest if the insured survives 10 years. You are given: (i) μ = 0.01 (ii) 8 = 0.06 Calculate the net single premium. (B) 0.13 (A) 0.12 (C) 0.14 (D) 0.15 (E) 0.16

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C014 This is a simple application of the future ... View the full answer