Question: This is a question on Life contingency course for Actuarial science students Assignment 2 . A life age exactly 50 yrs buys a 15yr endowment

This is a question on Life contingency course for Actuarial science students

Assignment 2 . A life age exactly 50 yrs buys a 15yr endowment assurance policy with a sumn assured of $50,000 payable on maturity of at the end of year of earlier debts. Level premiums are payable monthly in advance. Calculate the monthly premium assuming rafe of 4% and ignore expenses 950 15 = 11. 253 15 /0 = 0 98 Assume this mostlily holds

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