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| rev | Admin | (Created page with "For a fully continuous 20 -year term insurance policy of 100,000 on (50), you are given: (i) Gross premiums, calculated using the equivalence principle, are payable at an annual rate of 4500 (ii) Expenses at an annual rate of <math>R</math> are payable continuously throughout the life of the policy (iii) <math>\quad \mu_{50+t}=0.04</math>, for <math>t>0</math> (iv) <math>\delta=0.08</math> Calculate <math>R</math>. <ul class="mw-excansopts"><li> 400</li><li> 500</l...") | Jan 19'24 at 1:59 | +544 |