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Calculate the policy net single premium

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Reference no: EM132955028

Question - A policy issued to a person aged 40 years with a compensation of 1 million dollars if he dies within 25 years.

When he reaches the age of 65, he receives an annual pension of one hundred thousand dollars starting on the 65th birthday of his life.

Calculate the policy's net single premium.

Reference no: EM132955028

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