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question on Ch5 Q 5.12

L

lalala

Member
hi, this might be a silly question, BUT, how do they just use a premium of 330.05 in the answer? do they just skip that step?
Thanks for your help,
Antje
 
yes

Yes, premium was calculated in an examples under Premiums section- explained in the beginning of the chapter with same parametres....

Age: 30
10 Year Term Assurance Benefit
Sum Assured: 500,000
Basis: AM92 Ultimate Mortality, 4% interest.

I have 2008 material...in which that example is on page-6, and the question you referred to is 5.8 in my notes...

hope this helps...

Thanks,
Raj
 
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