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For a fully discrete whole life insurance of 1000 on the select life [60] :...

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Accounting

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For a fully discrete whole life insurance of 1000 on the select life [60] : (i) Ultimate mortality follows the Standard Ultimate Life Table. (ii) The select period is 3 years. (iii) i=0.05 (iv) 1000A[60]=280.00 Calculate the net premium policy value at the end of year 5 for this insurance. 98 100 102 104 106

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