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5-year term insurance issued to person aged 45 $1,000 death benefit payable immediately $80 annual premium payable continuously expenses are $60 at issue plus $15 at each yr-end ie at times 1, 2, 3, 4, 5 i = 0.075 force of mortality = .01 + .0001 * 1.125* Determine the following expectations (any way you can, but be accurate to within 1%) E(PV claims) E(PV expenses) E(PV premiums) E(PV loss to insurance company)

5-year term insurance issued to person aged 45 $1,000 death benefit payable immediately $80 annual premium payable continuously expenses are $60 at issue plus $15 at each yr-end ie at times 1, 2, 3, 4, 5 i = 0.075 force of mortality = .01 + .0001 * 1.125* Determine the following expectations (any way you can, but be accurate to within 1%) E(PV claims) E(PV expenses) E(PV premiums) E(PV loss to insurance company)

MATLAB: An Introduction with Applications
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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5-year term insurance issued to person aged 45 $1,000 death benefit payable immediately $80 annual premium payable continuously expenses are $60 at issue plus $15 at each yr-end ie at times 1, 2, 3, 4, 5 i = 0.075 force of mortality = .01 + .0001 * 1.125* Determine the following expectations (any way you can, but be accurate to within 1%) E(PV claims) E(PV expenses) E(PV premiums) E(PV loss to insurance company)
Transcribed Image Text:5-year term insurance issued to person aged 45 $1,000 death benefit payable immediately $80 annual premium payable continuously expenses are $60 at issue plus $15 at each yr-end ie at times 1, 2, 3, 4, 5 i = 0.075 force of mortality = .01 + .0001 * 1.125* Determine the following expectations (any way you can, but be accurate to within 1%) E(PV claims) E(PV expenses) E(PV premiums) E(PV loss to insurance company)
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