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You are given: • Deaths are uniformly distributed over each year of age. • Ax = 0.4 • Ax+5 = 0.57 • Ax:5 = 0.62 The annual effective rate of interest is 4.5%. Calculate the expected value of the 5-year continuous endowment insurance of 1000 payable at the earlier of the moment of death of (x) or 5 years. A. 610 B. 622 C. 631 D. 640 E. 645

You are given: • Deaths are uniformly distributed over each year of age. • Ax = 0.4 • Ax+5 = 0.57 • Ax:5 = 0.62 The annual effective rate of interest is 4.5%. Calculate the expected value of the 5-year continuous endowment insurance of 1000 payable at the earlier of the moment of death of (x) or 5 years. A. 610 B. 622 C. 631 D. 640 E. 645

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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You are given: • Deaths are uniformly distributed over each year of age. • Ax = 0.4 • Ax+5 = 0.57 • Ax:5 = 0.62 • The annual effective rate of interest is 4.5%. Calculate the expected value of the 5-year continuous endowment insurance of 1000 %3| %3D payable at the earlier of the moment of death of (x) or 5 years. A. 610 B. 622 C. 631 D. 640 E. 645
Transcribed Image Text:You are given: • Deaths are uniformly distributed over each year of age. • Ax = 0.4 • Ax+5 = 0.57 • Ax:5 = 0.62 • The annual effective rate of interest is 4.5%. Calculate the expected value of the 5-year continuous endowment insurance of 1000 %3| %3D payable at the earlier of the moment of death of (x) or 5 years. A. 610 B. 622 C. 631 D. 640 E. 645
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