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Standard Ultimate Survival Model says that the force of mortality equals Ho = A+ Bc" with A = 0.00022, B = 2.7 x 10-6, c = 1.124 Let the annual interest rate be 5%. Let the age of policyholder be 30. Calculate the mean of the present value of the whole life insurance benefit of 27790 dollars payable immediately on death.

Standard Ultimate Survival Model says that the force of mortality equals Ho = A+ Bc" with A = 0.00022, B = 2.7 x 10-6, c = 1.124 Let the annual interest rate be 5%. Let the age of policyholder be 30. Calculate the mean of the present value of the whole life insurance benefit of 27790 dollars payable immediately on death.

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
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Urgent! Standard Ultimate Survival Model says that the force of mortality equals Hz = A+ Bc² with A = 0.00022, B = 2.7 x 10-6, c = 1.124 Let the annual interest rate be 5%. Let the age of policyholder be 30. Calculate the mean of the present value of the whole life insurance benefit of 27790 dollars payable immediately on death.
Transcribed Image Text:Urgent! Standard Ultimate Survival Model says that the force of mortality equals Hz = A+ Bc² with A = 0.00022, B = 2.7 x 10-6, c = 1.124 Let the annual interest rate be 5%. Let the age of policyholder be 30. Calculate the mean of the present value of the whole life insurance benefit of 27790 dollars payable immediately on death.
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