This preview shows pages 1–6. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.
View Full DocumentThis preview has intentionally blurred sections. Sign up to view the full version.
View Full DocumentThis preview has intentionally blurred sections. Sign up to view the full version.
View Full Document
Unformatted text preview: F Y ( y ) = 0 for y < =ln(1. 05 y ) 3 for 0 y < a 20 = 1 for a 20 y (b) Calculate the 20th percentile of the distribution of Y . (9.02) 4. You are given: (i) A x = 0.30 (ii) A x : 20 = 0.40 (iii) i = 0.05 Calculate the actuarial present value of a 20year certain and life annuity, with payment rate = 100 per year, that is purchased by (x). (1482.08) 5. For a continuous whole life annuity on (x) with payment rate = 1/year: (i) t = 0.04 for 0 < t 10, t = 0.06 for 10 < t (ii) x ( t ) = 0.06 for 0 < t 10, x ( t ) = 0.08 for 10 < t Calculate the APV. (8.95)...
View
Full
Document
 Spring '08
 Staff
 Math

Click to edit the document details