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rev | Admin | (Created page with "An insurer issues a fully discrete 20 -year endowment insurance policy of 1,000,000 on (35). You are given: i) First year expenses are 55% of the premium plus 150 ii) After the first year, expenses are 5% of the premium plus 50 iii) Mortality follows the Standard Ultimate Life Table iv) <math>i=0.05</math> v) Premiums are determined using the equivalence principle Calculate the annual gross premium on this policy. <ul class="mw-excansopts"><li> 29,000</li><li> 30...") | Jan 19'24 at 2:18 | +560 |