Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How does the actuarial present value use the Gompertz Mortality equation? A. The Gompertz Mortality equation is used in life insurance calculations, because Gompertz discovered

image text in transcribed

How does the actuarial present value use the Gompertz Mortality equation? A. The Gompertz Mortality equation is used in life insurance calculations, because Gompertz discovered the natural law of mortality. B. The Gompertz Mortality equation is used to determine the age at which a future payment will be made (or received). C. The Gompertz Mortality equation is used when a payment in the future depends on the probability of a person surviving to the age at which the payment is made (or received). D. The Gompertz Mortality equation is used when the probability of survival depends on receiving a payment in the future

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

Globalization Gating And Risk Finance

Authors: Unurjargal Nyambuu, Charles S. Tapiero

1st Edition

1119252652, 978-1119252658

More Books

Students also viewed these Finance questions

Question

What must a creditor do to become a secured party?

Answered: 1 week ago

Question

Types of Interpersonal Relationships?

Answered: 1 week ago

Question

Self-Disclosure and Interpersonal Relationships?

Answered: 1 week ago