7. Using the 1980 cso Mortality Table, calculate the following net single premiums (NSPs). Assume...
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7. Using the 1980 cso Mortality Table, calculate the following net single premiums (NSPs). Assume $1,000 of life insurance, 5% interest, and death claims paid at the end of each year for multiple-year policies. The NSP is paid at the start of the first year oI coverage for multiple-year policies. a. What is the NSP for a one-year term policy sold to a man age 30? (1 point) b. What is the NSP for a three-year term policy sold to a man age 37? (1.5 pts) c. What is the NSP for a five-year endowment policy sold to a man age 45? (2.5 pts) 7. Using the 1980 cso Mortality Table, calculate the following net single premiums (NSPs). Assume $1,000 of life insurance, 5% interest, and death claims paid at the end of each year for multiple-year policies. The NSP is paid at the start of the first year oI coverage for multiple-year policies. a. What is the NSP for a one-year term policy sold to a man age 30? (1 point) b. What is the NSP for a three-year term policy sold to a man age 37? (1.5 pts) c. What is the NSP for a five-year endowment policy sold to a man age 45? (2.5 pts)
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