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| rev | Admin | (Created page with "'''Answer: C''' There are four ways to approach this problem. In all cases, let <math>\pi</math> denote the net premium. The first approach is an intuitive result. The key is that in addition to the pure endowment, there is a benefit equal in value to a temporary interest only annuity due with annual payment <math>\pi</math>. However, if the insured survives the 20 years, the value of the annuity is not received. <math display="block"> \pi \ddot{a}_{40: \overline{20...") | Jan 19'24 at 20:20 | +3,171 |