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| rev | Admin | (Created page with "The gross annual premium, <math>G</math>, for a fully discrete 5 -year endowment insurance of 1000 issued on <math>(x)</math> is calculated using the equivalence principle. You are given: (i) <math>\quad 1000 P_{x: 5 \mid}=187.00</math> (ii) The expense policy value at the end of the first year, <math>{ }_{1} V^{e}=-38.70</math> (iii) <math>q_{x}=0.008</math> (iv) Expenses, payable at the beginning of the year, are: {| class="table table-bordered" ! Year !! Percent...") | Jan 20'24 at 1:47 | +729 |