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How to solve it? 4.35. a. By an algebraic or probabilistic argument, verify the following backward recursion formula of an n-year term insurance with a

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4.35. a. By an algebraic or probabilistic argument, verify the following backward recursion formula of an n-year term insurance with a unit benefit: An = vq, - un+1 nP x 9xtn + UP x A,! x+ 1:n . b. Determine an appropriate starting value for use with this formula. c. Use your Illustrative Life Table with i = 0.06 to calculate the actuarial present value of a 10-year term insurance issued at ages x = 13, . . ., 130

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