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| rev | Admin | (Created page with "For a fully discrete 20 -year endowment insurance of 100,000 on (30), you are given: (i) <math>\quad d=0.05</math> (ii) Expenses, payable at the beginning of each year, are: {| class="table table-bordered" |- ! !! colspan="2" | First Year !! colspan="2" |Renewal Years |- | || Percent of Premium || Per Policy || Percent of Premium || Per Policy |- | Taxes|| 4%|| 0 || 4%||0 |- | Sales Commission || 35% || 0 ||2%||0 |- | Policy Maintenance || 0% || 250 ||0% ||50 |} (...") | Jan 19'24 at 1:36 | +691 |