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| rev | Admin | (Created page with "For a fully discrete whole life insurance of 100 on <math>(x)</math>, you are given: (i) The first year expense is <math>10 \%</math> of the gross annual premium (ii) Expenses in subsequent years are <math>5 \%</math> of the gross annual premium (iii) The gross premium calculated using the equivalence principle is 2.338 (iv) <math>i=0.04</math> (v) <math>\quad \ddot{a}_{x}=16.50</math> (vi) <math>{ }^{2} A_{x}=0.17</math> Calculate the variance of the loss at issu...") | Jan 19'24 at 1:58 | +603 |