10. You are given:i) The annual benefit premium for a fully continuous 20- year endowmentinsurance of 1000 on (55) is 15.ii) The annual benefit premium for a fully continuous 5 -year endowmentinsurance of 1000 on (70) is 121.iii) d=0.09Calculate the 15th terminal benefit reserve on the 20- year endowment in-surance.

Annual Benefit for a fully continuous 20 year endowment insurance of 1000 on (55) = 15 Annual…

Answered: 10. You are given: i) The annual…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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*2.2.18 Find the present value at time 0 of an n-year continuous annuity based on force of interest &, p+7 S 1+rest
The annuity will run out of funds after approximately 13 years 10 months. (b) Show that a continuous annuity with withdrawal rate N = $5000/year and interest rate r = 8%, funded by an initial deposit of P0 = $75,000, never runs out of money.
Assn #3 Pg 13 (1-10) And Works x em/?file=https://drive.google.com/uc?id%3D1CTEVTWK8MB4C_mgM7cZiHsSSPeOAZ 10&export%3Ddownload&filename%3DAttachment:%20PDF:%2 9. The balance in a bank account with an annual interest rate of 2%, compounded annually, can be represented using the function f(t) = 1000(1.02), where t is the time in years after opening the %3D 1 account. What was the approximate account balance 6 years and 3 months, or 6- years, after 4 the account was opened?
What is the annual yield for an investment that earns 7% intrest compounded semianually?
4. An insurer issues a 15-year annual premium-due endowment insurance of $100,000 benefit to life (50). The insurer charges an initial expenses of $ 1000 plus renewal expenses of 5% of each subsequent premium after the first premium payment. The premiums are made at the beginning of each year when (50) remains alive before reaching 70 and the benefit is paid at the end of K50 +1 years or when the person reaches the age 70 whichever occurs earlier. (a) Write down the gross future loss random variable L in terms of actuarial notations. (b) Calculate the gross premium-due G by using the Standard Select Survival Model with 5 % per year interest (Table D4) and the equivalence premium principle. 8 (c) Calculate the gross premium policy value V by using the equivalence premium G found in (b).
Please help me with this, thank-you!
2. A loan Lis repaid using increasing payments. The first payment, made at t = 1, is of amount 200, and each subsequent payment increases by a factor of (1.05), with the last payment at t = t= 10, the borrower decides to make an additional payment of X, which allow him to halve the size of the remaining payments (t = 11, ., 20). Determine L and X if the effective interest is 8%. 20. However, at %3D
A young person opens an investment plan in which intrest is compounded continously and additions to the account and deposited continously at age 27 with an inital deposit of $2000 and make deposits in a conintous manner of $1500 per year thereafter. Assuming a constant intrest rate of 7% what will be the balancw when he reaches 65. Use modelling of first order diffrentiaves
Illu.16 : On 31st Lecember, 2003 Andhra Traders Lid, shored in thei accouts the following balances : Rs. 1.50.000 Debenture Redemption Fund Debenture Redemption Fund Investments 1.50,000 5% Debentures 150,000 On 1st March, 2004, the Company sold the investments for Rs.150,500 and the debentures were paid off. Prepare (a) Debenture A/e (b) Debenture Redemption Fud a/c (c) Debenture Redemption Fund Investment a/e. CS Scanned with CamScanner
Suppose you start saving for retirement when you are 35years old. You invest $5,000the first year and increase this amount by 2%each year to match inflation. How much money will you have saved after 20years if the interest rate earned on the retirement account is 7% per year? a) you will have saved $ ( Round to nearest dollar) b) on the other hand you will have saved $ if the rate of increase of the investment drop was 7% instead of the original 2%
Please answer number 4

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