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Consider the following life table excerpt where the effective annual rate of interest is 5%. 1. Suppose that a whole life anmuly with payments of
Consider the following life table excerpt where the effective annual rate of interest is 5%. 1. Suppose that a whole life anmuly with payments of $10000 per year is issued to a life aged 60 , with payments at the beginning of each year, and that the anmuity has a five year guarantee period. Calculate the expected present value of this annulty. 2. Suppose that a 5 year term annuity is issued to a life aged 60 , with payments of $5000 at the beginning of each month. Calculate the expected present value of the annuty using Woolhouse formula with 2 terms. 3. Calculate the following quantities: d i(12) d{12j a62(12) using the UDD assumption 4. For Exam 2 (and the final examh, you need a calculator that can do natural logs and exponertials |such as a scientific or graphing calculator). If you do not have a calculator, you can borrow one from the library for 8 hours. Please select the true statement below: need a calculator for exam 2 and the final exam that can do natural logs. Consider the following life table excerpt where the effective annual rate of interest is 5%. 1. Suppose that a whole life anmuly with payments of $10000 per year is issued to a life aged 60 , with payments at the beginning of each year, and that the anmuity has a five year guarantee period. Calculate the expected present value of this annulty. 2. Suppose that a 5 year term annuity is issued to a life aged 60 , with payments of $5000 at the beginning of each month. Calculate the expected present value of the annuty using Woolhouse formula with 2 terms. 3. Calculate the following quantities: d i(12) d{12j a62(12) using the UDD assumption 4. For Exam 2 (and the final examh, you need a calculator that can do natural logs and exponertials |such as a scientific or graphing calculator). If you do not have a calculator, you can borrow one from the library for 8 hours. Please select the true statement below: need a calculator for exam 2 and the final exam that can do natural logs
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