Answer to Question #54188 in Management for abdulla sabit

Question #54188

the net premium for an endowment assurance of $1000 for a person aged 30 for a long term of 25 years is $30.97.Calculate the office premium, making the following provision:-
1)Initial expenses at $40 per 1000 S.A;
2)Renewal expenses at 8% of office premium;
3)A constant expenditure of $2.50 per thousand sum assured.Given as: a(30): 29-Bar= $15.640.

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