Answer to Question #54445 in Management for abdulla sabit

Question

Calculate the Net Single Premium (NSP) for 5 years endowment policy of $5,000 at the age of 41 from the following information:
Age ----------- No. of insured person ----------- No.of death person ------------ PV OF $1@3%
41 -------- 9480 --------- 25 --------- 0.971
42 -------- 9450 --------- 26 --------- 0.943
43 -------- 9429 --------- 28 --------- 0.915
44 -------- 9401 --------- 30 --------- 0.888
45 -------- 9371 --------- 31 --------- 0.863