ACTSC-232-1091-Test2_exam

ACTSC-232-1091-Test2_exam - ACTSC 232 Winter 2009 ACTSC 232...

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Unformatted text preview: ACTSC 232 Winter 2009 ACTSC 232 - Winter 2009 - Test 2 Mon, March 16, 2009 4:30 - 5:30 pm First (given) Name: Last (family) Name: ID #: UserID: Question Marks Available Marks Obtained 1 9 2 9 3 12 4 10 Bonus 4 Total 40 ACTSC 232 Winter 2009 1. [9 marks] Write down (i) the present value random variable, and (ii) the EPV in actuarial symbols, for each of the following contracts. Assume the person is age x . (a) An annuity that pays $200 at the start of each month until death, for 10 years maximum. i. Y = ii. E [ Y ] = (b) A benefit of $10,000 paid immediately on death if within 15 years, or $15,000 on survival to 15 years. i. Z = ii. E [ Z ] = (c) A 5-year deferred whole life annuity of $4000 at the start of each year. i. Y = ii. E [ Y ] = ACTSC 232 Winter 2009 2. [9 marks] Describe in (i) words, and (ii) actuarial symbols, the benefits provided by contracts with the following present value random variables.contracts with the following present value random variables....
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ACTSC-232-1091-Test2_exam - ACTSC 232 Winter 2009 ACTSC 232...

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