Julio's mortality for 1 < / < 4 is governed by tp^ 3(4 /), and
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Julio's mortality for 1 < / < 4 is governed by tp^ — 3(4 — /), and Harold's mortality for 1 < r < 5 is governed by tPx — -25(5 — f).
If / — .07, fmd the value at time of an annuity which pays 1000 at the end of each year as long as both Julio and Harold are alive.
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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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