Question: Please show all the steps 2. (5 pts) For a fully discrete whole life insurance of 1000 on (50), you are given: (1) The level

Please show all the steps 2. (5 pts) For a fully discrete Please show all the steps

2. (5 pts) For a fully discrete whole life insurance of 1000 on (50), you are given: (1) The level net premium is 25. (2) 1000A61=440. (3) q60=0.02 (4) i=0.06. Calculate the net premium reserve at the end of year 10. (Hint: find A60 using the recursion satisfied by A60 and A61)

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