Assume / = .08 and that we are dealing with a four-year select period. We know that
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Assume / = .08 and that we are dealing with a four-year select period. We know that ^po] = •40,/>[30]+i = .80, ^[30]+2 =10 and
^[30^_^3 = . 10. Also D34 = 1000 and ^35 = 920. Find the probability that a person entering the select group at age 30
(a) will remain in the population for 5 years;
(b) will remain in the population for at most 3 years.
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Theory Of Interest And Life Contingencies With Pension Applications A Problem Solving Approach
ISBN: 978-1566983334
3rd Edition
Authors: Asa Michael M. Parmenter, Ph.d.
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