You are given the following information: AY 12 AY 5 27,000 AY 6 28,000 AY 7 33,000 AY 8 35,000 Cumulative Paid Losses through Development Month 24 36 48 49,000 65,000 72,000 57,000 71,000 65,000 Age to age paid loss development Interval factors 12-24 months 2.0 24-36 months 1.15 36-48 months 1.20 48-ultimate 1.0 The interest rate is 4.0% per annum and assume the payments are made at midyear. Calculate the ratio of discounted reserves to undiscounted reserves as of December 31, CY 8 You are given the following information: AY 12 AY 5 27,000 AY 6 28,000 AY 7 33,000 AY 8 35,000 Cumulative Paid Losses through Development Month 24 36 48 49,000 65,000 72,000 57,000 71,000 65,000 Age to age paid loss development Interval factors 12-24 months 2.0 24-36 months 1.15 36-48 months 1.20 48-ultimate 1.0 The interest rate is 4.0% per annum and assume the payments are made at midyear. Calculate the ratio of discounted reserves to undiscounted reserves as of December 31, CY 8