For a fully discrete 2-year term life insurance on (50), you are given:a. Cash flows are annual.b. The annual gross premium is 250.c. The annual hurdle rate for profit calculation is 10%.d. The profit vector is (-165, 100, 125).e. The profit margin for this insurance is 6%.Calculate the probability that (50) will survive one year.

Given Insurance type : a fully discrete 2-year term life insurance Age : 50 years Annual gross…

Answered: For a fully discrete 2-year term life…

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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Score: 0 of 3 pts 9 of 13 (7 complete) HW Score: 34.62%, 9 of 26 pts 10.5.17 E Question Help The Adeeva's gross monthly income is $6500. They have 18 remaining payments of $350 on a new car. They are applying for a 20-year, $135,000 mortgage at 7.5%. The taxes and insurance on the house are $420 per month. The bank will only approve a loan that has a total monthly mortgage payment of principal, interest, property taxes, and homeowners' insurance that is less than or equal to 28% of their adjusted monthly income. Complete parts (a) through (c) below. E Click the icon to view the table of monthly payments. a) Determine 28% of the Adeeva's adjusted monthly income. (Round to the nearest cent.)
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Find max value and min value with on [0 ; 5]

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