Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 26, 2024

Please help A policy issued to a person aged 40 years with a compensation of 1 million dollars if he dies within 25 years. When

Please help

A policy issued to a person aged 40 years with a compensation of 1 million dollars if he dies within 25 years.

When he reaches the age of 65, he receives an annual pension of one hundred thousand dollars starting on the 65th birthday of his life.

Calculate the policy's net single premium.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 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

Cambridge IGCSE And O Level Accounting Coursebook

Authors: Catherine Coucom

2nd Edition

1316502775, 978-1316502778

More Books

Students also viewed these Accounting questions

Question

★★★★★

Observations (xi, Yi), i = 1,..., n, are made according to the model Yi = + xi + i, where x1,...,xn are fixed constants and 1,...,n are iid n(0, 2). The model is then reparameterized as Yi = + (xi...

Answered: 1 week ago

Question

★★★★★

When using confirmations to provide evidence about the completeness assertion for accounts payable, the appropriate population most likely would be La Vendors with whom the entity has previously done...

Answered: 1 week ago

Question

★★★★★

=+5. Can you use DRG in your regression model as it is presented here, or should it be recoded in some way? Diagnosis raises similar questions. If our purpose is to predict costs based on demographic...

Answered: 1 week ago

Question

★★★★★

On September 30, 2017, Ericson Company negotiated a two-year, 1,000,000 dudek loan from a foreign bank at an interest rate of 2 percent per year. It makes interest payments annually on September 30...

Answered: 1 week ago

Question

★★★★★

Note: Unless stated are "business-ype Indicate the best answer for each of the following: assume hw une th de collges ond univerililes in the only special purpose governments t university) (net of 1....

Answered: 1 week ago

Question

★★★★★

Benefits for employees in the U.S. public sector _______. Group of answer choices are exempted from the union collective bargaining process. are often paid for by the employees rather than the employe

Answered: 1 week ago

Question

★★★★★

Decedent is a citizen of the Philippines and a resident of Quezon City, died leaving the following: Rest house in Batangas inherited from his father during marriage Car received as gift from his...

Answered: 1 week ago

Question

★★★★★

ion 16 of 21 > Identify whether each scenario is an example of a marginal cost, marginal benefit, or neither. Answer Bank a marginal cost. not marginal. a marginal benefit. Chipset, Inc. sells...

Answered: 1 week ago

Question

★★★★★

Choose 2-3 changes you would consider making to deal with some of the potential issues that might be leading to turnover. what key concepts you think apply, some potential solutions to the problem...

Answered: 1 week ago

Question

★★★★★

Activity 2-5: Clamping and Bending System A fabrication shop is planning to purchase a used pneumatic clamping and bending machine to help streamline pro- duction. Before the fabrication shop can...

Answered: 1 week ago

Question

★★★★★

Problem 9 Recall that in problem 6 Tanner takes two classes: economics from Prof. Olimov and survival skills from Prof. Pear Grylls. Tanner wants to get the best possible grades in these two classes....

Answered: 1 week ago

Question

★★★★★

Assume that IBM stock S is currently 75, the interest rate r = 1%; and that you are short a call option that expires in one year with strike price K = 80. Construct a one step binomial tree with u =...

Answered: 1 week ago

Question

★★★★★

7. Think of a situation where you felt that you mastered the situation, i.e. where you had a positive feeling of completing the task you were to perform. A. Now develop a picture in your imaginary...

Answered: 1 week ago

Question

★★★★★

6. Think of something that you believe in, without the slightest doubt attached to it. How do you imagine this? Is it verbal, in rumours, in metaphors or the like? The answer says something about how...

Answered: 1 week ago

Question

★★★★★

Do not move closer than an arms distance. (This distance literally applies to Northern Europe. In Southern Europe this distance is slightly smaller.) If you get closer than this distance, you seem...

Answered: 1 week ago

Previous Question Next Question