An survival model is given by the survival function So(r) = e-0.0022 Suppose a whole life insurance policy with a benefit of $67250 payable immediately at the time of death of the insured life has a continuously compound interest rate d = 0.048 (a) What is the present value for the benefit if the policy is purchased at age 787 EPV =s 26697.2 (b) What is the standard deviation of the present value of this insurance benefit if the policy is purchased at age 787 Note: Round your answer to two decimal places.

An survival model is given by the survival function So(r) = e-0.0022 Suppose a whole life insurance policy with a benefit of $67250 payable immediately at the time of death of the insured life has a continuously compound interest rate d = 0.048 (a) What is the present value for the benefit if the policy is purchased at age 787 EPV =s 26697.2 (b) What is the standard deviation of the present value of this insurance benefit if the policy is purchased at age 787 Note: Round your answer to two decimal places.

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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