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An insurer Sells 6-year temporary life armuities - due of $14,000 per year to 250 lives each age 40. The annual etfective interest rate is 7% Cumui ative Probabilites fort 48-X-t 48-X years for (x) What is the probabilitiy thect the insurer Will pay out more than $ I5, 300,000 in COnnection with this business?

An insurer Sells 6-year temporary life armuities - due of $14,000 per year to 250 lives each age 40. The annual etfective interest rate is 7% Cumui ative Probabilites fort 48-X-t 48-X years for (x) What is the probabilitiy thect the insurer Will pay out more than $ I5, 300,000 in COnnection with this business?

MATLAB: An Introduction with Applications
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 insurer Sells 6- year temporary life anmuities - due of $4,000 per year to 250 lives each age 40. The annual etfective interest rate is 7% Cumul ative Probabilites tor t years for (x) 48-X-t 48-X whaat is the probabilitiy thet the insurer Will pay out more than $ 15,300,000 in Connection With this business?
Transcribed Image Text:An insurer Sells 6- year temporary life anmuities - due of $4,000 per year to 250 lives each age 40. The annual etfective interest rate is 7% Cumul ative Probabilites tor t years for (x) 48-X-t 48-X whaat is the probabilitiy thet the insurer Will pay out more than $ 15,300,000 in Connection With this business?
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