Question: we need to find the net single premium for a 1000 face amount, three year term policy for 50 year old male,assuming an interestung rate
we need to find the net single premium for a 1000 face amount, three year term policy for 50 year old male,assuming an interestung rate if 5 percent ?
Question 1 2 p From your text, Chapter 15 Problem 6: For this problem, use Table 15.3 from your textbook. What is (i.e., calculate) the net single premium (that is, the one premium paid at the beginning of the three year period for the whole period) for a $1,000 face amount, three year term policy for a 50-year old male, assuming an interest rate of 5 percent? Ignore premium loadings, for the PV of the pure premium, alone
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