Question
Calculate the expected present value and variance of the present value of an endowment assurance of 1 payable at the end of the year of
Calculate the expected present value and variance of the present value of an endowment assurance of 1 payable at the end of the year of death for a life aged 40 exact, with a term of 15 years.
Basis:
MortalityAM92 Select
Rate of interest4% per annum
Expenses Nil
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Statistics For Business Decision Making And Analysis
Authors: Robert A. Stine, Dean Foster
3rd Edition
134497163, 978-0134497167
