Consider a 20-year-old male. Suppose his survival rate is reduced 2% per year. That means survival rate at age 21 is 98%, and that at age 22 is 96%, etc. He buys a temporary life insurance that gives 10,000 EUR if he dies at any age. Assume that the risk free interest rate is 7%.

 Write a R code to compute the probability of dying EXACTLY at each year.

Answer rating: 100% (QA)

Certainly Heres an R code snippet that calcul... View the full answer