q31 A 35-year endowment insurance policy is issued to (25). The policy pays...
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A 35-year endowment insurance policy is issued to (25). The policy pays $150,000 if death occurs before age 60 or pays $50,000 if the person survives to the end of the 35 year period. Net annual premiums are payable for a maximum of 20 years.
What is the net annual premium?
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