Question: You are given: Deaths are uniformly distributed over each year of age. Ax = 0.4 Ax+5 = 0.57 Ax:5 = 0.62

You are given: • Deaths are uniformly distributed over each year of age. • Ax = 0.4 • Ax+5 = 0.57 • Ax:5 = 0.62

• The annual effective rate of interest is 4.5%. Calculate the expected value of the 5-year continuous endowment insurance of 1000 payable at the earlier of the moment of death of (x) or 5 years.

A. 610

B. 622

C. 631

D. 640

E. 645

Step by Step Solution

★★★★★

3.48 Rating (151 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

A continuous random variable X is uniformly distributed with 0 X 20. (a) Draw a graph of the uniform density function. (b) What is P(0 X 5)? (c) What is P(10 X 18)?

A continuous random variable X is uniformly distributed with 10 X 50. (a) Draw a graph of the uniform density function. (b) What is P(20 X 30)? (c) What is P(X

The crude death rate is the number of deaths in a year, per size of the population, multiplied by 1000. a. According to the U.S. Bureau of the Census, in 1995 Mexico had a crude death rate of 4.6...

7. The neutrino radiation from outer space was observed during several days. The frequencies of signals were recorded for each sidereal hour and are as given below: Test whether the signals are...

Read the article: Bolton, P., Brunnermeier, M. K., & Veldkamp, L. (2013). Leadership, Coordination, and Corporate Culture. Review Of Economic Studies, 80(2), 512-537. Based on the article findings,...

Fifty numbers are rounded off to the nearest integer and then summed. If the individual roundoff errors are uniformly distributed over (.5, .5), approximate the probability that the resultant sum...

Suppose that the edge weights in a graph are uniformly distributed over the halfopen interval [0, 1]. Which algorithm, Kruskals or Prims, can you make run faster?

5. Fifty numbers are rounded off to the nearest integer and then summed. If the individual round-off errors are uniformly distributed over (-5, 5) what is the probability that the resultant sum...

A restaurant averages 4.51 customers per 10 minutes during the summer in the late aft ernoon. Shown here are Excel and Minitab output for this restaurant. Discuss the type of distribution used to...

IN ATTACHED IMAGE IS A CASE - BASED ON READING THAT PLEASE ADVISE Suppose Mercedes is concerned that dealer prices of the CLK350 Coupe are not consistent and that even though the average price is...

The dipole moments of pyrrole and pynolidine are similar in magnitude but have opposite directions. Explain, indicating the direction of the dipole moment in each compound. Should the dipole moment...

Benzene, a known carcinogen, has been spilled on the laboratory floor and has spread to a length of 2 m. If a film 1 mm deep is formed, how long will it take for the benzene to completely evaporate?...

Middle managers are responsible for the performance of all the departments in an organization. True Tatse

Saturated steam at 110C is condensed in a shell-and-tube heat exchanger (1 shell pass; 2, 4,... tube passes) with a UA value of 2.5 kW/K. Cooling water enters at 40C. (a) Calculate the cooling water...

A uniform chain of length 8.00 m initially lies stretched out on a horizontal table. (a) If the coefficient of static friction between chain and table is 0.600, show that the chain will begin to...

A uniform electric field exists in a region between two oppositely charged plates. An electron is released from rest at the surface of the negatively charged plate and strikes the surface of the...

At t = 0 a 1.0 kg ball is thrown from a tall tower with v = (18 m/s)i + (24m/s)j. What is U of the ball-Earth system between t = 0and t = 6.0s (still free fall)?

Determine the tension in cable ABD and reaction at support C. 125 mm 175 mm -225 am

Kyle's car has a mass of 1400 kg. He accelerates as he leaves a parking lot. If the net force on the car is 3200 N, what is the car's acceleration? a 2.3 m/s^2 b 9.8 m/s^2 c 4.48 m/s^2

Read the article below and answer the questions posed, the compose response should be two to three pages in length. 1. What are 2 major planning failures pre-event at Memorial that led to it becoming...

BACKGROUND An SM bond is a 35-year Australian government bond with a face value of $1. They are marketed to consumers saving for retirement (who buy the S part) and investors (who buy the M part)....

The attachment are presented below for the work that need to be done. IHP 330 Principles of Epidemiology Case Study 2: Standardization Title: Standardization of Lung Cancer Deaths Objectives:...

Assess the severity of the legal risk for each complaint. Include a summary of the plaintiff's case and potential defenses against each claim. Address the severity of potential legal liability....

The paper below"Preventing the use of deadly force:the relationship between police agency policies and the rates of office-involved gun deaths",and answer the following questions: What is the...

Written in Java. Please help. Any information would be greatly appreciated. Even shelling of the code would be beneficial if you cannot understand the whole thing. Thank you!!!!!!!!!!!!!!!!!! Example...