For a fully continuous 20-payment whole life insurance policy of 1,000 on (40), you are given:x(i)for 0 ≤ x ≤ 100100'lx=1 -(ii) d = 0.03(iii) The annual premium is 25Calculate the probability that the future loss random variable of this policy is greater than 0.

Given,The annual premiumInsurance type: 20-payment whole life insurance policy of 1000Age : 40

Answered: For a fully continuous 20-payment whole…

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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For a fully continuous 20-payment whole life insurance policy of 1,000 on (40), you are given: x (i) lx = 1- for 0 ≤ x ≤ 100 100' (ii) 8 = 0.03 (iii) The annual premium is 25 Calculate the probability that the future loss random variable of this policy is greater than 0.