9. For a whole life annuity-due on (40), you are given:(i) Before age 65, mortality follows a constant force µ = 0.005(ii) 8 = 0.03(iii) A65 = 0.425Calculate ä40-(Careful! The given annuity is discrete, not continuous.)

Use the formula of a¨40 to determine its value. Substitute the given values and simplify.

Answered: 9. For a whole life annuity-due on…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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For a whole life insurance of 1000 on (x) payable at the end of the year of death: (a) 4. = 0.045 and qr+1 = 0.062 (b) v = 0.92 (c) Ag+2 0.4523 %3D Calculate the change in the expected present value of this insurance if q+1 is doubled.
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9. For a whole life annuity-due on (40), you are given: (i) Before age 65, mortality follows a constant force µ= 0.005 %3D (ii) 8 = 0.03 (iii) A65 = 0.425 Calculate ä40- (Careful! The given annuity is discrete, not continuous.)