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| rev | Admin | (Created page with "A warranty pays 2000 at the end of the year of the first failure if a washing machine fails within three years of purchase. The warranty is purchased with a single premium, <math>G</math>, paid at the time of purchase of the washing machine. You are given: (i) <math>10 \%</math> of the washing machines that are working at the start of each year fail by the end of that year (ii) <math>\quad i=0.08</math> (iii) The sales commission is <math>35 \%</math> of <math>G</mat...") | Jan 19'24 at 2:14 | +687 |