of 20,000 to n lives aged 40. You are given: (i) Lives are independent. (ii) Mortality...
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of 20,000 to n lives aged 40. You are given: (i) Lives are independent. (ii) Mortality follows the Standard Ultimate Life Table. (iii) i = 0.05 (iv) The premium is determined so that the aggregate loss of the n policies being positive is no more than 0.05. Calculate the annual premium for n = 50 and 5000. of 20,000 to n lives aged 40. You are given: (i) Lives are independent. (ii) Mortality follows the Standard Ultimate Life Table. (iii) i = 0.05 (iv) The premium is determined so that the aggregate loss of the n policies being positive is no more than 0.05. Calculate the annual premium for n = 50 and 5000.
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