FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 1 For a 3-year fully discrete term insurance of b on (40) subject to a double decrement model: (i) 40 2000 20 60 41

image text in transcribed
image text in transcribed
QUESTION 1 For a 3-year fully discrete term insurance of b on (40) subject to a double decrement model: (i) 40 2000 20 60 41 30 50 42 40 (ii) Decrement (1 ) is death. Decrement (2) is withdrawal. (iii) There are no withdrawal benefits. Calculate the level annual net premium P for this insurance given the following paramaters b=28000, 1=0.077

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_2

Step: 3

blur-text-image_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

Macroeconomics

Macroeconomics

Authors: Michael Parkin

10th Edition

013485330X, 978-0134853307

More Books

Students also viewed these Economics questions

Question

★★★★★
In the 1950s, China had a very rapid population growth rate, which it was able to reduce dramatically over the next half century. Over the past two decades, China has experienced rapid growth in both...

Answered: 1 week ago

Question

★★★★★
=+4. Why is the tension between centralization and decentralization of R&D activities likely to be even greater for multinational firms than for firms that compete in one national market?

Answered: 1 week ago

Question

★★★★★
Explain how to control impulses.

Answered: 1 week ago

Question

★★★★★
a. Calculate the initial investment associated with each of Clark Upholsterys alternatives. b. Calculate the incremental operating cash inflows associated with each of Clarks alternatives. c....

Answered: 1 week ago

Question

★★★★★
I need a help with the solution for the Master Budget Performance Report and Flexible Budget Performance Report in the tables given, based on the Budget assumptions given in the same attachment....

Answered: 1 week ago

Question

★★★★★
reg salary years Source SS df MS Number of obs = 353 F (1, 351) 178.60 Model 165.979862 1 165.979862 Prob > F = 0.0000 Residual 326.195673 351 .929332402 R- squared 0. 3372 Adj R-squared = II 0. 3353...

Answered: 1 week ago

Question

★★★★★
Correct answer with proper explanation Jack could manufacture COVID 19 test kits using two processes. For process 1, the unit cost of the first two million kits is $10, and the unit cost is reduced...

Answered: 1 week ago

Question

★★★★★
Explain the concept of masking interrupts. Discuss different masking mechanisms and how they can affect the execution of a program. Describe difficulties you might encounter when developing an...

Answered: 1 week ago

Question

★★★★★
Apple is one of the most influential and recognizable brands in the world, responsible for the rise of the smartphone with the iPhone. Valued at over $2 trillion in 2021, it is also the most valuable...

Answered: 1 week ago

Question

★★★★★
Please help just need two-three paragraphs itll be very much appreciated and I will upvote! Identify any company or a segment of it (if its large) and perform research to determine/critique the...

Answered: 1 week ago

Question

★★★★★
Please Answer all Question question 1 and 2 An operations strategy life cycle for the current crisis While manufacturers globally continue to grapple with the economic contraction triggered by the...

Answered: 1 week ago

Question

★★★★★
What are examples of service plan costs for a mobile health clinic in regards to a cost-benefit analysis?

Answered: 1 week ago

Question

★★★★★
12. What is meant by the statement, often we do not know what the real problem is until we look at its possible consequences or solutions?.

Answered: 1 week ago

Question

★★★★★
9. What is meant by the statements: a) Experiences are different from what is experienced. b) The description is different from what is described.

Answered: 1 week ago

Question

★★★★★
11. What is meant by the statement, as observers of social reality, we are always part of this reality?.

Answered: 1 week ago

Previous Question Next Question