Let Y be the present value random variable of a 10-year term annuity-due of 1issued at an individual (35). Calculate its actuarial present value if(a) Mortality follows De Moivre's Law with w = 100.(b) 8 = 0.05.

Given, Mortality follows De Moivre's Law with ω=100 δ=0.05

Answered: Let Y be the present value random…

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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Let Y be the present value random variable of a 10-year term annuity-due of 1 issued at an individual (35). Calculate its actuarial present value if (a) Mortality follows De Moivre's Law with w = 100. (b) 8 = 0.05.