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Calculate the single risk premium (to the nearest whole number) to be charged today on...

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Accounting

Calculate the single risk premium (to the nearest whole number) to be charged today on an insurance product that pays claims of $30,000 in 5 years from today, $50,000 in 10 years from today, and $70,000 in 15 years from today. Use an interest rate of 8% per annum.

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