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  3. an insurance policy charges a regular risk premium

An insurance policy charges a regular risk premium, X, at Years 0,1,2,3,,9 from today. The...

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Accounting

An insurance policy charges a regular risk premium, X, at Years 0,1,2,3,,9 from today. The policy pays a claim of X2 (i.e. XX ) in 15 Years from today. Calculate the value of X (to 2 decimal places), assuming an interest rate of 2% per annum.

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