Answer to Question #54399 in Management for abdulla sabit

Question

Calculate on the basis of mortality table given below.Net annual premium at 5% rate of interest for a five years term insurance for $1000 effective at the age of 60 years:-
Age -------Number of Living --------Number of Dying
60 1000 20
61 980 2
62 958 25
63 933 33
64 900 40
65 860 45