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Exercise

ABy Admin
Nov 19'23

Answer

Solution: D

Using the retrospective method,

[[math]] 12,000(1.10)^{12}-1000s_{\overline{{{12}}}|0.10} = 37, 661.14 -1000(21.38428) =16, 276.86. [[/math]]

Copyright 2023 . The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.

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