Calculate actual reserves in year 27

Reference no: EM133322594

Question: The assured periodic premium term increases to 30 years, along with an appropriate adjustment for claims paid for a premium of $500,000 to ensure that the actual reserves per year are 30 zero. Calculate actual reserves in year 27, assuming the interest rate remains at 5% per annum. You can question either manually or by making an appropriate modification to the spreadsheet.

Reference no: EM133322594

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