This is Actuarial Mathematics. A is the actuarial present value. sub_10L is the value of the future
Fantastic news! We've Found the answer you've been seeking!
Question:
This is Actuarial Mathematics. A is the actuarial present value.
sub_10L is the value of the future loss at time 10 on a fully discrete whole life insurance of 1 issued to age 45, given survival to time 10 (based on net premium).
You are given:
(i) p54 = 0.9
(ii) A45 = 0.28
(iii) A54 = 0.4
(iv) ^2A54 = 0.25
(v) i = 1/9
Calculate Var(sub_10L)
The answer is 0.165
Expert Answer:
Posted Date:
Students also viewed these mathematics questions
-
For a special fully discrete whole life insurance on (65): i. The death benefit is 1000 is death occurs before age 85, otherwise 2000. i. Mortality follows the Standard Ultimate Life Table. i....
-
A fully discrete whole life insurance is issued to (35) with a face amount of 100000 mortality is based on the LTAM life table with an annual effective interest rate of 5% The annual contract premium...
-
A fully discrete whole life insurance with sum insured $10 000 is issued to a select life aged x. The net premium is $134 and is calculated by means of the equivalence principle. You are given that...
-
Your company, Printers Inc., is considering investing in a new plant to manufacture a new generation of 3D printers developed by the firms research and development (R&D) department. A consulting...
-
A small textile company makes several types of sweaters. Demand is very seasonal, as shown by the following quarterly demand estimates. Demand is estimated in terms of standard hours of production...
-
The Iliad also reports the cause of many injuries. Here is a table summarizing those reports for the 152 injuries which the Iliad provides that information. Is there an association? A) Under the null...
-
On 1 July 2025 Woojin and William began their partnership by contributing \($550\)000 and \($480\)000 respectively. William contributed another \($70\)000 and Woojin withdrew \($30\)000 of her...
-
On January 1, 2014, the dental partnership of Left, Center, and Right was formed when the partners contributed $20,000, $60,000, and $50,000, respectively. Over the next three years, the business...
-
a) Explain the following terms as used in real estate appraisals i. Value in use ii. iii. Liquidation value Insurable value b) Describe the cost approach of real estate valuation c) Explain the...
-
The budget director of Birding Homes & Feeders Inc., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the...
-
The written assignments will complement and reinforce topics covered in each module. Each student will demonstrate comprehension of key communication management principles, concepts and theories and...
-
Heesham Broussard obtained counterfeit money instruments. To distribute them, he used account information and numbers on compromised FedEx accounts procured from hackers. Text messages from Broussard...
-
State the two questions that determine whether a defendants act caused a plaintiffs injury.
-
When is a contract so ambiguous that a court may have to interpret its terms?
-
Donavan Davis and several associates launched Capital Blu Management to trade in the foreign currency marketplace (often called Forex). Over the course of several days, Capital Blu engaged in a...
-
AgriCorp grows crops on farmland in three states. AgriCorp sells its harvests through USA Distributors, Inc., to Variety Mart and other national grocery chains. Small Potato Farm grows a limited crop...
-
Based on the image below what are some recommendations for the governmental authorities within Cuba for the next six months, focusing on which areas of the budget could be reduced or increased in...
-
After Theorem 1.5 we note that multiplying a row by 0 is not allowed because that could change a solution set. Give an example of a system with solution set S0 where after multiplying a row by 0 the...
-
Which of the following function(s) is/are carried out by piRITS or piRISC? a. Inhibits transcription of TEs b. Causes the degradation of TE RNA c. Causes chromosome breakage d. Both a and b are...
-
Scientists propose that the first macromolecules in protobionts were a. DNA molecules. b. RNA molecules. c. proteins. d. all of the above.
-
In the CRISPR-Cas system, what does tracrRNA bind to? a. crRNA and Cas1 protein b. crRNA and Cas2 protein c. crRNA and Cas9 protein d. Cas1 and Cas2 proteins
Study smarter with the SolutionInn App