(b) A 55-year old male is taking out a Term Insurance policy of duration 25 years for the sum of £40,000. Using the lx values in the English Life Table (ELT14), without using the given qx values, evaluate the net single premium for this policy assuming an 8% technical interest rate. Use Excel for your calculation and provide a copy of your spreadsheet.
(b) A 55-year old male is taking out a Term Insurance policy of duration 25 years for the sum of £40,000. Using the lx values in the English Life Table (ELT14), without using the given qx values, evaluate the net single premium for this policy assuming an 8% technical interest rate. Use Excel for your calculation and provide a copy of your spreadsheet.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 68SGR
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