Exam LTAM exercise for June 6, 2021

Exam LTAM exercise for June 6, 2021, Fall 2004 Society of Actuaries Course 3 Examination, Problem No. 21, also Study Note MLC-09-13, Problem No. 60, and Dr. Ostaszewski’s online exercise posted August 22, 2009, video solution: https://smartURL.it/KO-LTAM-Exercise325

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Exercises from the past actuarial examinations and study notes of the Society of Actuaries are copyrighted by the Society of Actuaries and are used with permission.