For a fully continuous 20-year deferred whole life annuity of (1) issued to (35), you are given:

Fantastic news! We've Found the answer you've been seeking!

Question:

1. Mortality follows De Moivre’s law with w = 75.

2. i = 0

3. Benefit premiums are payable continuously for 20 years.

Calculate the benefit reserve at the end of 10 years for this annuity. (Ans 3.889)

Related Book For answer-question

Applied Regression Analysis and Other Multivariable Methods

ISBN: 978-1285051086

5th edition

Authors: David G. Kleinbaum, Lawrence L. Kupper, Azhar Nizam, Eli S. Rosenberg

See More Books

Posted Date: Jun 18, 2022 02:21 AM

See More Questions

Given that mortality follows de Moivre's law with- 100 calculate the value of a 50-year term insurance of S1000 payable at the end of the year of death for a life aged 30 with annual effective rate...
Jen and Berry's sells ice-creams from its factory-shop in Petone. There is a managing director (Maynard Dibble), a marketing manager (Mary Salman) and a production manager (Peter Pritchard). Maynard...
For a fully discrete 10-payment whole life policy of 10,000 on (x), you are given: Annual gross premium determined based on equivalence principle is 500. Expenses, incurred at the start of each...
Sherman Co. began operations on January 1, 2015, and completed several transactions during 2015 and 2016 that involved sales on credit, accounts receivable collections, and bad debts. These...
On June 30, 2014, the market interest rate is 3%. Garden Groceries Ltd. issues $1,600,000 of 4%, 15-year bonds. The bonds pay interest on June 30 and December 31. Garden Groceries Ltd. amortizes bond...
D Peggy has provided the following information: Office furniture was purchased with debit card on 1 July 2020 for $7920 ($7200 + $720 GST) with a 10% p.a. depreciation rate. Machinery was purchased...
Which of the following is not affected by temperature? (a) Fugacity (b) Activity co-efficient (c) Free energy (d) All of these.
Balanced scorecard. Lee Corporation manufactures various types of color laser printers in a highly automated facility with high fixed costs. The market for laser printers is competitive. The various...
Tatum Company has four products in its inventory. Information about ending inventory is as follows: Total Net Realizable Value Total Replacement Product Total Cost 101 $ 129,000 Cost $ 118,100 $...
Simtek projects year-end EBIT of $800M which is expected to grow at 5% annually, and capital expenditures will equal depreciation. Simtek has $4,590M of 6% perpetual debt trading at face value and no...
As a result of the Coronavirus pandemic, Australian consumers have become increasingly pessimistic about their future job prospects and have decided to save more of every new dollar of income. If the...
Find and simplify f (x + h). f(x)=-2x-4x-7
1. What are the three main characteristics and uses of money. 2. Compare the National Banking Acts of 1863 with the chartering of the First and Second Banks of the United States. Specifically,...
1. Rollins College is an example of an 'institution' in the sense that Douglass North describes it. https://www.aeaweb.org/articles?id=10.1257/jep.5.1.97 Explain why and how, Rollins College can be...
Simplify the expression 18(x-3) 17x -10
1. Find the probability that a randomly selected resident feels Pretty Happy, i.e., the proportion of residents who feel Pretty Happy. 2. Find the probability that a randomly selected resident has an...
Recall that Chapter 8 described the binary search algorithm for finding a particular entry in an ordered list. The idea behind binary search is to begin looking in the exact center of the list. If...
A biologist compared the effect of temperature for each of two media on the growth of human amniotic cells in a tissue culture. The data shown in the following table were obtained. a. Assuming that a...
This question refers back to the U.S. News & World Report graduate school data presented in Problem 22 in Chapter 17. a. Suppose that a two-way ANOVA is to be performed, with 1995 starting salary as...
a.-c. Repeat parts (a) through (c) of Problem 1 using the data of Problems 3 through 14 of Chapter 5.
Eyeglass lenses made of crown glass $(n=1.52)$ are given a thin coating of magnesium fluoride $(n=1.38)$ to minimize reflection of light from the lens surface. What is the minimum coating...
The width of one pixel in the sensor for a digital camera is about $2.0 \mu \mathrm{m}$. If the camera lens has a diameter of $40 \mathrm{~mm}$ and a focal length of $30 \mathrm{~mm}$, is the...
Light of wavelength $380 \mathrm{~nm}$ strikes the metal target in Figure 34.47. As long as the potential difference $V_{\mathrm{CT}}$ between the target and the collector is no greater than...

For a fully continuous 20-year deferred whole life annuity of (1) issued to (35), you are given:

Question:

Expert Answer:

1x x105x P451451145 60t60 Let K be the curtate future life... View the full answer

Applied Regression Analysis and Other Multivariable Methods

Students also viewed these accounting questions