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For a fully discrete 20-year term insurance of 100,000 on (35), you are given: i. Annual gross premiums are 200 ii. q53 = 0.006 and q54 = 0.007 %3D

For a fully discrete 20-year term insurance of 100,000 on (35), you are given: i. Annual gross premiums are 200 ii. q53 = 0.006 and q54 = 0.007 %3D

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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For a fully discrete 20-year term insurance of 100,000 on (35), you are given: i. Annual gross premiums are 200 ii. q53 = 0.006 and q54 = 0.007 iii. i = 0.05 iv. Annual expenses are 5% of premium plus 25, paid at the beginning of the %3D year v. Settlement expenses are 100 Calculate the gross premium reserve at the end of year 18. Calculate the gross premium reserve at the end of year 18. Answer: 882.5422
Transcribed Image Text:For a fully discrete 20-year term insurance of 100,000 on (35), you are given: i. Annual gross premiums are 200 ii. q53 = 0.006 and q54 = 0.007 iii. i = 0.05 iv. Annual expenses are 5% of premium plus 25, paid at the beginning of the %3D year v. Settlement expenses are 100 Calculate the gross premium reserve at the end of year 18. Calculate the gross premium reserve at the end of year 18. Answer: 882.5422
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