Question: For a fully discrete, 5 - payment 1 0 - year term insurance of 1 0 0 , 0 0 0 on ( 3 0
For a fully discrete, payment year term insurance of on you are given:
Mortality follows the Standard Ultimate Life Table.
The following expenses are incurred at the beginning of each respective year:
tableExpensesYear Year tablePercent ofpremiumtablePerPolicytablePercent ofpremiumtablePerPolicyTaxesCommissionsMaintenance
Calculate the annual gross premium using the equivalence principle.
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