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| rev | Admin | (Created page with "For a fully discrete 3 -year endowment insurance of 1000 on <math>(x)</math>, you are given: (i) Expenses, payable at the beginning of the year, are: {| class="table table-bordered" ! Year(s) !! Percent of Premium !! Per Policy |- | 1 || 20% || 15 |- | 2 and 3 || 8% || 5 |} (ii) The expense policy value at the end of year 2 is -23.64 (iii) The gross annual premium calculated using the equivalence principle is <math>G=368.05</math> (iv) <math>G=1000 P_{x: 3 \mid}+P^{...") | Jan 20'24 at 1:50 | +703 |