(i) a 30.15 = 6 (iii) (ii) The actuarial present value of a 16 year temporary...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
(i) a 30.15 = 6 (iii) (ii) The actuarial present value of a 16 year temporary increasing life annuity-due on (30) providing a first payment of 5000 and subsequent annual payments increasing 1000 per year is 75,000. Z is the present value random variable for a 15 year temporary decreasing life annuity-immediate on (30) providing a first payment of 7500 and subsequent annual payments decreasing by 500 per year. Calculate E[Z]. (i) a 30.15 = 6 (iii) (ii) The actuarial present value of a 16 year temporary increasing life annuity-due on (30) providing a first payment of 5000 and subsequent annual payments increasing 1000 per year is 75,000. Z is the present value random variable for a 15 year temporary decreasing life annuity-immediate on (30) providing a first payment of 7500 and subsequent annual payments decreasing by 500 per year. Calculate E[Z].
Expert Answer:
Answer rating: 100% (QA)
To calculate the expected value EZ of the present value random variable Z for a 15year temporary dec... View the full answer
Related Book For
Financial Statement Analysis
ISBN: 978-0078110962
11th edition
Authors: K. R. Subramanyam, John Wild
Posted Date:
Students also viewed these finance questions
-
Multiple Choice 1. The actuarial present value of all the benefits attributed by the pension benefit formula to employee service rendered before a specified date based on expected future compensation...
-
In a defined benefit plan, if the actuarial present value of promised retirement benefits exceeds the net asset available for benefits, there is a) excess b) income c) deficit d) loss
-
Compute the actuarial present value of a 10-year term life insurance issued to a person aged 20 with benefit of 20,000 payable at the time of death if survival follows a constant force of mortality...
-
At December 31, 2020, the following information was available for Tai Lin Goods: ending inventory HK$400,000, beginning inventory HK$580,000, cost of goods sold HK$2,842,000, and sales revenue...
-
Refer to information in Exercise 19-7. Prepare the journal entry to allocate (close) over-applied or under-applied overhead to Cost of GoodsSold. April 30 May 31 Inventories Raw materials ...._ ....
-
Figure 4.21 shows a vacuum tank with a flat circular observation window in one end. If the pressure in the tank is 0.12 psia when the barometer reads 30.5 in of mercury, calculate the total force on...
-
Antibiotics in Infancy and Obesity in Adults "Antibiotics in infancy may cause obesity in adults," claims a recent headline. A study in mice randomly assigned infant mice to either be given...
-
(a) Judy orally promises her daughter, Liza, that she will give her a tract of land for her home. Liza, as intended by Judy, gives up her homestead and takes possession of the land. Liza lives there...
-
Suppose that you decide to borrow 15,000 for a new car. You can select one of the following loans, each requiring regular monthly payments. Loan a four year loan at 8%. Loan B6 year loan at 10%. Find...
-
Based on a 2018 study, the average elapsed time between when a user navigates to a website on a mobile device until its main content is available was 14.6 seconds. This is more than a 20% increase...
-
Explain how an attacker would carry a rootkit attack against the virtual machine and how he would implement malicious services or anything regarding how installing a root kit in a virtual machine is...
-
How do macroeconomic indicators such as GDP growth, inflation rates, and unemployment figures influence market sentiment and investment strategies ?
-
why do singer and waiter say that returning to its roots is the immigration policy and what causes this return?
-
why is LineSegment& radius { } incorrect synax, but LineSegment& radius correct in cpp ?
-
In what ways do geopolitical factors, such as trade agreements, sanctions, and political instability, impact market volatility and investment risk assessment ?
-
For ease of data entry into a university database, 1 denotes the student is enrolled in an undergraduate degree program, 2 indicates the student is enrolled in a master's degree program, and 3...
-
Suppose we have the following information for 2010: Potential output: $22 trillion Actual output: $20 trillion Actual Deficit: $ 600 billion Tax Rate: 20% What is the structural deficit in 2010? What...
-
A random sample of 10 houses heated with natural gas in a particular area, is selected, and the amount of gas (in therms) used during the month of January is determined for each house. The resulting...
-
Lawsuits are one type of contingent loss, where the loss is contingent upon an adverse settlement or verdict in the case. Domestic tobacco companies are currently facing lawsuits from several states....
-
Describe the usefulness and the problems with reporting long-term debt at (1) Face value, (2) Amortized cost, (3) Fair values.
-
Jose Sanchez owns and operates Western Gear, a small merchandiser in outdoor recreational equipment. You are hired to review the three most recent years of operations for Western Gear. Your financial...
-
Demonstrate that for colors \(r, g\), and \(b\), color \(\mathrm{SU}(3)\) two-quark states are of the form \(q q=\mathbf{3} \otimes \mathbf{3}=\mathbf{6} \oplus \overline{\mathbf{3}}\), with Show...
-
Verify the color SU(3) representations for combinations of three or fewer quarks and antiquarks given in Eq. (19.28). Data from Eq. 19.28 qq=303=108 qq 3 3 603, 999 3 3 3 = 36315, qqq 3 3 3 1088 10,
-
Prove that Eq. (19.34) gives the simplest multi-gluon and gluon-quark states that contain an \(\mathrm{SU}(3)\) color singlet in the decomposition. Data from Eq. 19.34 (GG)1: (88)1 (Gqq) : [8 (383)8]...
Study smarter with the SolutionInn App