FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Actuarial science net premium question net 9) MA Calculate the premium for a fully discrete 1-year term life insurance which pays $1,000,000 when the first

Actuarial science net premium question image text in transcribed

net 9) MA Calculate the premium for a fully discrete 1-year term life insurance which pays $1,000,000 when the first of two independent lives, One age 50.it Loother age to dies. The interest rate is i=0.06. Mortality follows the Standard ultimate life table. WWW net 9) MA Calculate the premium for a fully discrete 1-year term life insurance which pays $1,000,000 when the first of two independent lives, One age 50.it Loother age to dies. The interest rate is i=0.06. Mortality follows the Standard ultimate life table. WWW

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Basics Of Quality Auditing

The Basics Of Quality Auditing

Authors: Ronald Blank

1st Edition

1138438863, 9781138438866

More Books

Students also viewed these Accounting questions

Question

★★★★★
Why are dividends paid from one corporation to another partially tax exempt?

Answered: 1 week ago

Question

★★★★★
=+ (b) Plya's criterion. Show that o is a characteristic function if it is even and continuous and, on [0,00), nonincreasing and convex (@(0) =1).

Answered: 1 week ago

Question

★★★★★
What factor would you want to consider in evaluating profitability if you were a DVD movie and CD music retailer engaging in a price promotion strategy?

Answered: 1 week ago

Question

★★★★★
M Company has projected sales and production in units for the second quarter of next year as follows: Jul Aug Sep Sales 60,000 40,000 50,000 Production 50,000 50,000 60,000 Required: a. Cash...

Answered: 1 week ago

Question

★★★★★
Alvez Company reports net income of $305,000 for the year ended December 31.Italso reports $93, 700 depreciation expense and a $10,000 loss on the sale of equipment. Its comparative balance sheet...

Answered: 1 week ago

Question

★★★★★
Which item would most likely be classified as a fixture once attached onto real property? Select one: A. Wooden fence B. Plasma 50 TV C. Refrigerator D. Countertop microwave

Answered: 1 week ago

Question

★★★★★
Which of the following is NOT a remedial measure to control business cycles. Question 3 options: Indirect measures Monetary measures Fiscal measures Physical measures

Answered: 1 week ago

Question

★★★★★
Leahy inc, has 10 customers that account for all of its $1,472,000 of net income. its activity-based costing system is able to assign all costs, except for $200,000 of general administrative costs,...

Answered: 1 week ago

Question

★★★★★
When carrying out the control process at MGT , Inc. s manufacturing plant, Sally focuses her attention on the few defective components produced on the assembly line. Although she is concentrating on...

Answered: 1 week ago

Question

★★★★★
Two events each have the probability 0.2 of occurring. The probability that neither is 0.6. These events are: A) mutually exclusive B) independent C) conditional D) mutually exclusive and independent...

Answered: 1 week ago

Question

★★★★★
Recruitment. With an emphasis on specialized skills and the possibilities of enhancing qualifications within the company through further training, recruitment is often first through internal sourcing...

Answered: 1 week ago

Question

★★★★★
An emphasis on Technik as both means and ends. The importance of engineering knowledge and craft skills that go into production is evidenced by the high standing of engineers in society and in...

Answered: 1 week ago

Question

★★★★★
Reward systems. Wage levels are complex and involve issues of wage fairness with principles laid down in collective wage agreements, labourmanagement agreements and individual contracts of...

Answered: 1 week ago

Previous Question Next Question