Unformatted text preview: . 80. 4. (a) The present value of the payments is 4 K x + J x X j =0 1 4 v j 4 = 1v K x + Jx +1 4 d (4) . (b) The number of quarters lived by ( x ) in the death year is [( T xK x )4] = [4 R x ] . (c) The expectation is E ([4 R x ]) = Z 1 [4 t ] dt = Z 1 4 dt + Z 2 4 1 4 1 dt + Z 3 4 2 4 2 dt + Z 1 3 4 3 dt = 1 . 5 . 1...
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This note was uploaded on 03/20/2011 for the course ACTSC 232 taught by Professor Matthewtill during the Summer '08 term at Waterloo.
 Summer '08
 MATTHEWTILL

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