For a fully continuous whole life insurance of 1000 on (40), you are given: (i) P40...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
For a fully continuous whole life insurance of 1000 on (40), you are given: (i) P40 = 0.5e-1/100 +0.5e-1/200 (ii) = 0.05 Calculate the net premium. (B) 7.33 (A) 7.31 (C) 7.35 (D) 7.37 (E) 7.39 For a fully continuous whole life insurance of 1000 on (40), you are given: (i) P40 = 0.5e-1/100 +0.5e-1/200 (ii) = 0.05 Calculate the net premium. (B) 7.33 (A) 7.31 (C) 7.35 (D) 7.37 (E) 7.39
Expert Answer:
Answer rating: 100% (QA)
The net premium is 733 The net premium is the sum of the P40 and 8 values which is 733 P40 05... View the full answer
Related Book For
Posted Date:
Students also viewed these finance questions
-
The 1-dimensional heat equation is given as follows: du d'u dt - =k- for all 0xL and t>0 dx Deduce the solution to the above differential equation, subjected to the following boundary and initial...
-
Q1: You bought a small cap, illiquid stock 6 months ago, paying $1,734.55 per share. Two weeks ago, due to some unexpected financial pressures, you needed to sell the stock, with some urgency. You...
-
Cost of goods sold is shown as a distinct line item on the income statement. Where is information related to cost of goods sold shown on the statement of cash flows under both the direct and indirect...
-
A machine was sold in December 20x3 for $13,000. It was purchased in January 20x1 for $19,000, and depreciation of $16,000 was recorded from the date of purchase through the date of disposal....
-
In February of 1994, the Index of Leading Economic Indicators dropped slightly, and economists blamed it on unusually severe winter weather that month. Examine the 10 series that make up the Index of...
-
A uniform cube of side a and mass M rests on a horizontal surface. A horizontal force F is applied to the top of the cube as in Figure. This force is not sufficient to move or tip the cube. (a) Show...
-
Identify the major activities associated with a company's Payroll, Personnel, and Treasury Departments.
-
1. Design tables in 3NF. As you create the database, include various codes for at least three of the fields. 2. Use sample data to populate the fields for at least three records in each table. 3....
-
The current spot price of gold is $1860 (per ounce), the futuresprice for a contract expiring in 3- months is $1870, and theappropriate risk-free rate on a continuously compounded basis is 1%per...
-
The Treasury Manager of G.E. receives word that a payment in the amount of 50,000,000 to Hitachi will be due in June 2020, Hitachi requires the payment to be made in Japanese Yen (). The Treasury...
-
A queue is implemented using a non - circular singly linked list. The queue has a head pointer and a tail pointer, as shown in the figure. Let n denote the number of nodes in the queue. Let...
-
Plot the response of the mass-spring-damper system (m = 10kg, c=100Ns/m, k-4000N/m) using SIMULINK with four types of inputs shown below: Include Matlab codes a) f(t) = 2000 b) f(t) = 2000*t c) f(t)...
-
Retirement with Repeating Contributions and a Constant Rate of Return The Retire3 worksheet contains a revised retirement model for Emma. In this model, contributions and withdrawals will both...
-
O'Hara Pan Enterprise is a retailer of kitchen items like cabinets, pots, pans etc. It is owned by Ann-Kam Eng. Besides sales, it conducts healthy cooking lessons. O'Hara Pan's assets and liabilities...
-
Evaluate the equivalent transfer function of the multi-loops system shown in Figure below. (b) Verify using MATLAB/Simulink that the obtained equivalent transfer function is correct. i.e. Construct...
-
When consulting a bond table (in text or online), what bond rating would Hydro Supplies have in 2021 was the rating based solely on the firm's interest coverage ratio? Based on this rating, would a...
-
Write a 150-200-word summary discussing the following items. Note: You can go over the word count if so desired. 1. Explain the difference between tax deductions, tax credits, exemptions, and filing...
-
What is the mode?
-
Standard and actual material information is given in the following table for four companies. Required: For each company, calculate the missing ï¬gures. Assume that the quantity of material...
-
Free Wheelers is a bike shop located near the campus of Alabama State University. The shop rents bikes on a nine-month basis. When a bike is rented, the student pays a security deposit equal to 50...
-
Li Enterprises recently purchased new computer equipment for its company headquarters. Following is information regarding the various cash expenditures related to the acquisition of this equipment. ...
-
Consider the following letter from the managing partner of Cooney \& Associates, CPAs, to the legal counsel for their client, The Chartreuse Catfish Restaurant Group, requesting information on...
-
This chapter uses the Balanced Scorecard as an mechansim for conducting business measurement analysis. An increasingly used approach for tracking performance measurement is the use of dashboard...
-
Contingent liabilities often are one of the most serious issues for an auditor to audit because a single contingent liability can be highly material. Further, clients are hesitant to establish...
Study smarter with the SolutionInn App