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revAdmin (Created page with "(35) purchases a fully discrete whole life insurance policy of 100,000 . You are given: (i) The annual gross premium, calculated using the equivalence principle, is 1770 (ii) The expenses in policy year 1 are <math>50 \%</math> of premium and 200 per policy (iii) The expenses in policy years 2 and later are <math>10 \%</math> of premium and 50 per policy (iv) All expenses are incurred at the beginning of the policy year (v) <math>\quad i=0.035</math> Calculate <ma...")Jan 19'24 at 1:57+615