Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  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...

80.2K

Verified Solution

Question

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.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

At the beginning of 2016, IASB issues a new accounting standard for lease transactions ( IFRS...

Medical Sciences
1.2K views

Explain the difference between an experiment for the specificity of the recombinant-based assay for HCV (Hepatitis C...

Advance Math
1.2K views

Use the bisection method to approximate the root of f(x)=x-cosx in the range [0.0,1.5]. Stop when...

Physics
1.2K views

A meniscus lens have convex surface of curvature 20 cm and concave surface 30 cm...

Basic Math
1.2K views

11 Find the value of f 4 if f t 10 t t f 4...

Accounting
1.2K views

Turner Excavation mantiene una cuenta corriente y ha decidido abrir un fondo de caja chica....

Accounting
1.2K views

1. What is the nature of the investment that is under consideration, and what are...

Accounting
1.2K views

Are there ethical implications to the disclosure of an unaudited non-GAAP financial measure? Do you...

Accounting
1.2K views

Wanda received form 1099 div reporting $50 in dividends for 2018 she had previously elected...

Accounting
1.2K views

snow Me How Calculator Disposal of Fixed Asset Equipment acquired on January 6 at a...

Accounting
1.2K views

Worthing's Limited (the 'Group') is an international retail group that was established in South Africa...

Finance
1.2K views

A 10-year, 9% coupon bond currently sells for $90. Another 10-year, 4.5% coupon bond currently...