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April 2003 question 13 (from the revision book)

L

lk1988

Keen member
Hello

I'm looking at the answer in the revision book to the above question (part iii). Can anyone explain why, when calculating the EPV of the immediate assurance benefit, we multiply the the survival benefit by 0.03?!

Thanks :)
 
Could somebody look at this please?

I can't understand the formula for the benefits.

Thks

lk1988 said:
Hello

I'm looking at the answer in the revision book to the above question (part iii). Can anyone explain why, when calculating the EPV of the immediate assurance benefit, we multiply the the survival benefit by 0.03?!

Thanks :)
Click to expand...
 
Which revision book is it in? They are all numbered. Please give a full reference.
 
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