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Unformatted text preview: ( x ) : (i) The pure endowment is 2000 . (ii) The death beneﬁt for year k is (1000 k ) plus the beneﬁt reserve at the end of year k , k = 1 , 2 . (iii) π is the level annual beneﬁt premium. (iv) i = 0 . 08 . (v) p x + k-1 = 0 . 9 , k = 1 , 2 . Calculate π . 2...
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- Fall '08
- Endowment policy, beneﬁt reserve, endowment insurance, discrete 2-year endowment, discrete n-year endowment