Question: Upload the solution on an excel********* **************sheet, showing all formulas A Jordanian Insurance Company is pricing a special fully discrete 3-year term insurance policy on
Upload the solution on an excel********* **************sheet, showing all formulas A Jordanian Insurance Company is pricing a special fully discrete 3-year term insurance policy on age (70). The policy will pay a death benefit, as specified in the schedule below, "if and only if" the insured dies as a result of an automobile accident. You are given Using the equivalence principle a) calculate the net single premium payable at the inception of the policy b) Calculate the Level annual (premiums (paid in advance each year (O i ) ( 0.06 = i) ( ) (4 ) ! Benefit 70 1000 80 10 40 5.000 71 870 94 15 60 7.500 72 701 108 18 82 10.000 whered" represents deaths from cancer. de represents deaths from automobile tante dann dash full show Upload the solution on an excel********* **************sheet, showing all formulas A Jordanian Insurance Company is pricing a special fully discrete 3-year term insurance policy on age (70). The policy will pay a death benefit, as specified in the schedule below, "if and only if" the insured dies as a result of an automobile accident. You are given Using the equivalence principle a) calculate the net single premium payable at the inception of the policy b) Calculate the Level annual (premiums (paid in advance each year (O i ) ( 0.06 = i) ( ) (4 ) ! Benefit 70 1000 80 10 40 5.000 71 870 94 15 60 7.500 72 701 108 18 82 10.000 whered" represents deaths from cancer. de represents deaths from automobile tante dann dash full show
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