An annual premium endowment insurance with $100000 insured is issued to a select life aged 40, with a 20 year term. Death benefit is paid at the end of the year of death. The effective annual interest rate is 5%. Suppose that A[40] = .12, A60 = .29, and 20 E[40] = .37. Calculate the annual net premium for this policy. Select one: O a. 2952 O b. 2901 O c. 2978
An annual premium endowment insurance with $100000 insured is issued to a select life aged 40, with a 20 year term. Death benefit is paid at the end of the year of death. The effective annual interest rate is 5%. Suppose that A[40] = .12, A60 = .29, and 20 E[40] = .37. Calculate the annual net premium for this policy. Select one: O a. 2952 O b. 2901 O c. 2978
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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![An annual premium endowment insurance with $100000 insured is issued to a select life aged 40, with a 20 year term.
Death benefit is paid at the end of the year of death. The effective annual interest rate is 5%. Suppose that
A[40] = .12, A60 = .29, and 20E1401 = .37. Calculate the annual net premium for this policy.
Select one:
O a. 2952
O b. 2901
O c. 2978](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Faebfc771-e8d5-4545-9676-a72af9880ba6%2F7ac6ebdb-0d6e-4de1-b93d-32867fa808a1%2Fo45kpf_processed.png&w=3840&q=75)
Transcribed Image Text:An annual premium endowment insurance with $100000 insured is issued to a select life aged 40, with a 20 year term.
Death benefit is paid at the end of the year of death. The effective annual interest rate is 5%. Suppose that
A[40] = .12, A60 = .29, and 20E1401 = .37. Calculate the annual net premium for this policy.
Select one:
O a. 2952
O b. 2901
O c. 2978
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