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

Question

1 Approved Answer

This is a question on Life contingency course for Actuarial science students Assignment 2 . A life age exactly 50 yrs buys a 15yr endowment

This is a question on Life contingency course for Actuarial science students

image text in transcribed
Assignment 2 . A life age exactly 50 yrs buys a 15yr endowment assurance policy with a sumn assured of $50,000 payable on maturity of at the end of year of earlier debts. Level premiums are payable monthly in advance. Calculate the monthly premium assuming rafe of 4% and ignore expenses 950 15 = 11. 253 15 /0 = 0 98 Assume this mostlily holds

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

Nonlinear Systems And Their Remarkable Mathematical Structures Volume 3, Contributions From China

Nonlinear Systems And Their Remarkable Mathematical Structures Volume 3, Contributions From China

Authors: Norbert Euler, Da jun Zhang

1st Edition

1000423301, 9781000423303

More Books

Students also viewed these Mathematics questions

Question

★★★★★
Determine the admittance parameters for the network shown.

Answered: 1 week ago

Question

★★★★★
8 Extinct New Zealand birds. Refer to the Evolutionary Ecology Research (July 2003) study of extinction in the New Zealand bird population, presented in Exercise 18. Recall that biologists measured...

Answered: 1 week ago

Question

★★★★★
2. In conferences, ask families how you could help them to support their child in completing and learning from homework. Checklists? Background reading? Web sites? Explanations of study skills?

Answered: 1 week ago

Question

★★★★★
Cole Company manufactures only two products'a battery charger and a testing machine for automobile engines. An average of 30,000 chargers and 50,000 testers are sold each year. This year, Cole can...

Answered: 1 week ago

Question

★★★★★
13. In 2017, just about half of the US percentage of population used employment-based group private insurance True False

Answered: 1 week ago

Question

★★★★★
Consider the operations of a fast-food restaurant serving pre-made pasta dishes to its guests. The operation consists of four steps. Each customer is first greeted and offered a menu and a tray,...

Answered: 1 week ago

Question

★★★★★
Balance sheet effects of leasing Two textile companies, McDaniel-Edwards Manufacturing and Jordan-Hocking Mills, began operations with identical balance sheets. A year later, both required additional...

Answered: 1 week ago

Question

★★★★★
Choose an Emergency Support Function (ESF) of the National Response Framework. Describe the type of response scenario where the ESF would be utilized. Explain why....

Answered: 1 week ago

Question

★★★★★
The system below is used to raise heavy objects, via a hydraulic cylinder AB, and a roller at D. The roller at D is in contact with the ground and connected to member DCB via a frictionless pin....

Answered: 1 week ago

Question

★★★★★
Q-2) In order to comment on whether the design specifications are being matched or not, perform relevant hypothesis tests and calculate the p-value for each. What will you conclude? Assume you are...

Answered: 1 week ago

Question

★★★★★
A Cancer Testing Center has been presented with a proposal to offer a new diagnostic procedure that would require the purchase of a specialized piece of equipment.This piece of equipment offers...

Answered: 1 week ago

Question

★★★★★
For the dependent variable Y and the independent variables X1 and X2, the linear regression model is given by: Y=0.08059*X1-0.16109*X2+5.26570. Complete the following table: Actual Y X1 X2 Predicted...

Answered: 1 week ago

Question

★★★★★
What are the advantages of using capable senior employees as mentors or trainers for newer employees?

Answered: 1 week ago

Question

★★★★★
Why is having training and development opportunities available to employees important even if many do not take advantage of them?

Answered: 1 week ago

Question

★★★★★
What activities could a department manager undertake to continue involving employees in education with little or no direct budgetary impact?

Answered: 1 week ago

Previous Question Next Question