If the net single premium of a 20-year term insurance policy, issued to (50), with a death

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If the net single premium of a 20-year term insurance policy, issued to (50), with a death benefit of $R is $6000, what is the value of R? You are given: 1000 1 20 50: | A = 43.732, 1000 1 20 30: | A = 16.017, 30E20 = 0.22143, 50E20 = 0.06455

(A) $47,937

(B) $137,199

(D) $216,489

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Investments An Introduction

ISBN: 978-0324561388

9th Edition

Authors: Herbert B Mayo

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Posted Date: Apr 12, 2022 08:37 AM

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If the net single premium of a 20-year term insurance policy, issued to (50), with a death

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Step 1 Step 1 Given Insurance Type Term insurance policy Duration 20 years The ne... View the full answer

Investments An Introduction

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