Homework Help is Here – Start Your Trial Now!
Math
Statistics
For a lifetime life insurance purchased by someone aged 40, some of the following information is provided: • The death benefit is paid at the end of the year of death of $35000 if you die at age 20 year from first contract, $70000 if dies after 20 years of contract. • Premiums with the same amount are paid on average twice a year for a maximum of 20 years as long as they are alive. ä40 = 18,458 60= 14,904 ä50 = 17,025 ä(2) 40:201 = 19,628 ä(2)50:101 = 17,553 20E40 0,36663 10E50 0,60182 i = 0,05 Calculate the benefit reserve at time 10, that is 10V, using the prospective method! =

For a lifetime life insurance purchased by someone aged 40, some of the following information is provided: • The death benefit is paid at the end of the year of death of $35000 if you die at age 20 year from first contract, $70000 if dies after 20 years of contract. • Premiums with the same amount are paid on average twice a year for a maximum of 20 years as long as they are alive. ä40 = 18,458 60= 14,904 ä50 = 17,025 ä(2) 40:201 = 19,628 ä(2)50:101 = 17,553 20E40 0,36663 10E50 0,60182 i = 0,05 Calculate the benefit reserve at time 10, that is 10V, using the prospective method! =

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
See similar textbooks
icon
Related questions
Question
For a lifetime life insurance purchased by someone aged 40, some of the following information is provided: • The death benefit is paid at the end of the year of death of $35000 if you die at age 20 year from first contract, $70000 if dies after 20 years of contract. • Premiums with the same amount are paid on average twice a year for a maximum of 20 years as long as they are alive. ä40 = 18,458 60= 14,904 ä50 = 17,025 ä(2) 40:201 = 19,628 ä(2)50:101 = 17,553 20E40 0,36663 10E50 0,60182 i = 0,05 Calculate the benefit reserve at time 10, that is 10V, using the prospective method! =
Transcribed Image Text:For a lifetime life insurance purchased by someone aged 40, some of the following information is provided: • The death benefit is paid at the end of the year of death of $35000 if you die at age 20 year from first contract, $70000 if dies after 20 years of contract. • Premiums with the same amount are paid on average twice a year for a maximum of 20 years as long as they are alive. ä40 = 18,458 60= 14,904 ä50 = 17,025 ä(2) 40:201 = 19,628 ä(2)50:101 = 17,553 20E40 0,36663 10E50 0,60182 i = 0,05 Calculate the benefit reserve at time 10, that is 10V, using the prospective method! =
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman
SEE MORE TEXTBOOKS