Question: PLEASE SHOW ALL WORKING (d) Consider the following policy basis for a 20 year term life policy with: Survival model: De Moivre's Law =105 Interest:

PLEASE SHOW ALL WORKING

(d) Consider the following policy basis for a 20 year term life policy with: Survival model: De Moivre's Law =105 Interest: i=0.06 Expenses: No expenses Sum Insured: $$60,000 By using Microsoft Excel or otherwise, determine 10Vx using the numerical approximation (Euler's Method) for the solution to Thiele's Differential Equation. Assume a time step of h=0.05

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