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Math Help - Mortality Rate

  1. #1
    Junior Member
    Joined
    Sep 2009
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    Mortality Rate

    At the beginning of the year, an insurer issued 100,000 policies expected to experience first year mortality of q[40]. At the end of the year, 80% of the survivors are expected to experience mortality of q[41] in the second year.

    You are given:

    (i) q[40] = 0.006
    (ii) q[41] = 0.007
    (iii) q[40]+1 = 0.008

    Calculate the expected mortality rate for the remaining 20% of the survivors.

    I always set these up wrong and then spend hours trying to figure out why I'm off so any hints on how to begin would be really helpful! Thank you!
    Last edited by tbl9301; September 29th 2009 at 05:45 PM.
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