A man age 20 agrees to pay a life insurance company RM1200 at the end of each year as long as he lives. Using ILT mortality of 6% per annum, calculate the expected present value at age 20 that...

Actuarial Math questionA man age 20 agrees to pay a life insurance company RM1200 at the end of each year as<br>long as he lives. Using ILT mortality of 6% per annum, calculate the expected present<br>value at age 20 that equivalent to this annuity.<br>

Extracted text: A man age 20 agrees to pay a life insurance company RM1200 at the end of each year as long as he lives. Using ILT mortality of 6% per annum, calculate the expected present value at age 20 that equivalent to this annuity.

Jun 11, 2022
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