Give an expression for the expected present value of the benefits provided by a with-profits endowment...
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Give an expression for the expected present value of the benefits provided by a with-profits endowment assurance issued to a life aged x with a sum assured of S payable in n years' time of at the end of the year of earlier death. Assume that compound reversionary bonuses of 2% pa are declared at the start of each year and interest is 4.5% pa effective. Give an expression for the expected present value of the benefits provided by a with-profits endowment assurance issued to a life aged x with a sum assured of S payable in n years' time of at the end of the year of earlier death. Assume that compound reversionary bonuses of 2% pa are declared at the start of each year and interest is 4.5% pa effective.
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Related Book For
College Algebra Graphs and Models
ISBN: 978-0321845405
5th edition
Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna
Posted Date:
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