Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Address the following questions appropriately. State whether each of the following functions could be used as a function to represent the number of lives aged

Address the following questions appropriately.

image text in transcribedimage text in transcribed
State whether each of the following functions could be used as a function to represent the number of lives aged x (over the specified range of ages) in a hypothetical population (not necessarily human)? Ir = (1+x/2)3 (x20) II I =-log(x/ 100) (Ox 20 ) [3]On 30 June 1999 an annual premium 25-year endowment assurance policy was issued to a life aged 45 who was assumed to be subject to AM92 Select mortality rated down 5 years. Write down an expression in terms of annuities (in which all functions are based on AM92 mortality with no age adjustment) giving the net premium reserve per unit sum assured on 1 July 2004 for this policy, assuming that all premiums due by that date have been paid. [3]

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_2

Step: 3

blur-text-image_3

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

Trigonometry

Authors: Cynthia Y Young

5th Edition

1119820928, 9781119820925

More Books

Students also viewed these Mathematics questions

Question

describe the main employment rights as stated in the law

Answered: 1 week ago