A Life Insurance Company founded upon the American Experience Table has a thousand policies averaging $ 2000 on lives at age 25. From the experience table, it is found that of 89,032 alive at age 25: 88, 000 are alive at age 26. Find the upper and lower values of the amount that the company will have to pay out in insurance during the year.
A Life Insurance Company founded upon the American Experience Table has a thousand policies averaging $ 2000 on lives at age 25. From the experience table, it is found that of 89,032 alive at age 25: 88, 000 are alive at age 26. Find the upper and lower values of the amount that the company will have to pay out in insurance during the year.
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
Problem 8P
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