A life aged 70 purchases a fully discrete whole life policy with a death benefit of $1000. Mortality follows de Moivre's law with interest is w = 120 and the annual effective interest rate is i-0.05·...

A life aged 70 purchases a fully discrete whole life policy with a death benefit of $1000.<br>Mortality follows de Moivre's law with<br>interest is<br>w = 120<br>and the annual effective interest rate is<br>i-0.05·<br>%3!<br>Calculate<br>10V70<br>, the 10th terminal benefit reserve.<br>a) 90.15<br>b) 100.58<br>c) 110.91<br>d) 106.63<br>e) 95.26<br>

Extracted text: A life aged 70 purchases a fully discrete whole life policy with a death benefit of $1000. Mortality follows de Moivre's law with interest is w = 120 and the annual effective interest rate is i-0.05· %3! Calculate 10V70 , the 10th terminal benefit reserve. a) 90.15 b) 100.58 c) 110.91 d) 106.63 e) 95.26

Jun 06, 2022

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A life aged 70 purchases a fully discrete whole life policy with a death benefit of $1000. Mortality follows de Moivre's law with interest is w = 120 and the annual effective interest rate is i-0.05·...

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