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| rev | Admin | (Created page with "For a 3-year term insurance of 1000 on (70), you are given: (i) <math>\quad q_{70+k}^{\text {SULT }}</math> is the mortality rate from the Standard Ultimate Life Table, for <math>k=0,1,2</math> (ii) <math>\quad q_{70+k}</math> is the mortality rate used to price this insurance, for <math>k=0,1,2</math> (iii) <math>\quad q_{70+k}=(0.95)^{k} q_{70+k}^{S U L T}</math>, for <math>k=0,1,2</math> (iv) <math>i=0.05</math> Calculate the single net premium. <ul class="mw-ex...") | Jan 18'24 at 3:28 | +588 |