Question: 2. (20 points) We defined the Net Single Premium (NSP) is the amount, in dollars, of the present value of the Pure Endowment Ex. Find

2. (20 points) We defined the Net Single Premium (NSP) is the amount, in dollars, of the present value of the Pure Endowment Ex. Find the NSP for a 28-year pure endowment of $20,000 sold to a male aged 36, in each of the following cases. Assume i = 12%. a) If given 1 = 9618 and 1 = 7100. then NSP = b) If given a survival function of x, S(x) = 1 - x /110 ( for all 0is a constant, then NSP = 50.98 05x is a constant, then NSP = 50.98 05x

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

For this assignment, use Microsoft Excel to create a data table and original graphical representation that summarizes the data outlined in the Results Presentation and Discussion section of the case...

1. The following is a partial mortality table that the XYZ Life Insurance Company uses in determining premium. XYZ has determined that it can earn 6% on its investments. Assume that 8.450,645 females...

Objective: The intent of this homework is to show how insurers calculate the pure premium for life insurance policies. To receive full credit for this assignment you must show your math. For parts 2...

SEE "DOCUMENT 1" FOR CRITERIA 2 "DOCUMENT 2" FOR CRITERIA 4 You are to write a 3 to 4 page paper following APA rules for the title page, citations and appropriate references within the body of the...

SEE "DOCUMENT 1" FOR CRITERIA 2 "DOCUMENT 2" FOR CRITERIA 4. You are to write a 2 to 4 page paper following APA rules for the title page, citations and appropriate references within the body of the...

SEE "DOCUMENT 1" FOR CRITERIA 2 "DOCUMENT 2" FOR CRITERIA 4 You are to write a 3 to 4 page paper following APA rules for the title page, citations and appropriate references within the body of the...

You helped me a couple of weeks ago. I was wondering if i could setup a time for tomorrow that you could be available to help me with some questions. I will pay $20 per question. They are short and I...

Can someone help me with this? I need it by tomorrow chapter 2 Issues in Accounting for Corporate Debt and Equity istockphoto Learning Objectives Be able to articulate the advantages and...

Evaluate the potential gains and losses for forwards,future,call options,put options and swaps. Outline and describe the different risks that each type of derivative contract faces. Describe...

1. Texas Roadhouse (TXRH) is rapidly expanding into new markets and had sales of $1,263M in 2012. Suppose you expect sales to grow at a 15% rate in 2013, but this rate will slow by 2% per year to a...

Write a persuasive speech on the topic of online and offline study at universities.

Assume that you want to construct a voltaic cell that uses the following half reactions: A^2+(aq) + 2 e^- A (s) Ered = -0.10V B^2+(aq) + 2 e^- B (s) Ered = -1.10V You begin with the incomplete cell...

Manny wrote a check payable to his employee, Jacques. Jacques signed his name on the back of the check before he went to the bank to cash it . This is an example of Question 3 4 options: 1 ) special...

Debra King Company was formed on December 1, 2024. The following information is awailable from King's imventory records for Product BAP. A phwsical inventory on March 31, 2025, shows 4,640 units on...