Unformatted text preview: illustrative life table. 3. Calculate the APV of a life annuity of 1000 per year paid continuously to (25), using the values from illustrative life table. 4. Y is the present value random variable of an annuity paying $1 per year to (x) continuously. Find mean and median of Y if µ = 0.015 and δ = 0.045....
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This note was uploaded on 05/21/2011 for the course FIN 3220 taught by Professor Cswong during the Spring '05 term at CUHK.
- Spring '05