An insurer Sells 6-year temporary life armuities - due of $14,000 per year to 250 lives each age 40. The annual etfective interest rate is 7% Cumui ative Probabilites fort 48-X-t 48-X years for (x) What is the probabilitiy thect the insurer Will pay out more than $ I5, 300,000 in COnnection with this business?
An insurer Sells 6-year temporary life armuities - due of $14,000 per year to 250 lives each age 40. The annual etfective interest rate is 7% Cumui ative Probabilites fort 48-X-t 48-X years for (x) What is the probabilitiy thect the insurer Will pay out more than $ I5, 300,000 in COnnection with this business?
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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![An insurer Sells 6- year temporary
life anmuities - due of $4,000 per year
to 250 lives each age 40.
The annual etfective interest rate
is 7%
Cumul ative Probabilites tor t years
for (x)
48-X-t
48-X
whaat is the probabilitiy thet the insurer
Will pay out more than $ 15,300,000 in
Connection With this business?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fda8ea781-2b59-4ed3-9daf-f59680de9c59%2F93aa474f-a4f1-4aeb-a1f5-28b81bd47082%2F03iqd2p_processed.png&w=3840&q=75)
Transcribed Image Text:An insurer Sells 6- year temporary
life anmuities - due of $4,000 per year
to 250 lives each age 40.
The annual etfective interest rate
is 7%
Cumul ative Probabilites tor t years
for (x)
48-X-t
48-X
whaat is the probabilitiy thet the insurer
Will pay out more than $ 15,300,000 in
Connection With this business?
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