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CT5 September 2008 Q12(ii)

A

Ant

Member
Hi

I would like to know if the calculation of the EPV of benefits can just use the endowment assurance function instead of splitting it up into its term assurance and maturity components? I did the question this way but my answer wasn't the same? Would this approach be awarded the same marks or is there a reason for splitting up the endowment assurance function?
 
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