For a life aged 35, you are given a force of interest, &=0.10, and a force of mortality, a=0.06. This life purchases a ten-year deferred whole life insurance with a benefit of one payable at the moment of death. Z is the present value at poliey issue of the benefit for this insurance. Determine the 90th percentile of Z.

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For a life aged 35, you are given a force of interest, 6=0.10, and a force of
mortality, a= 0.06. This life purchases a ten-year deferred whole life insurance with
a benefit of one payable at the moment of death. Z is the present value at poliey issue
of the benefit for this insurance.
Determine the 90th percentile of Z .
Transcribed Image Text:For a life aged 35, you are given a force of interest, 6=0.10, and a force of mortality, a= 0.06. This life purchases a ten-year deferred whole life insurance with a benefit of one payable at the moment of death. Z is the present value at poliey issue of the benefit for this insurance. Determine the 90th percentile of Z .
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