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terest is constant as 6% ability that the sum of the pa- he actuarial present value an

terest is constant as 6% ability that the sum of the pa- he actuarial present value an

A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Pls help with below homework.

For a life anmuity-due of 1 per year on (60), you are given: (i) the mortality rate is constant as 4% (ii) the force of interest is constant as 6% C'alculate the probability that the sum of the payments made under this annuity will exceed the sum of the actuarial present value and its standard deviation, at issue, of the annuity.
Transcribed Image Text:For a life anmuity-due of 1 per year on (60), you are given: (i) the mortality rate is constant as 4% (ii) the force of interest is constant as 6% C'alculate the probability that the sum of the payments made under this annuity will exceed the sum of the actuarial present value and its standard deviation, at issue, of the annuity.
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