Recursive Formulas

# Recursive Formulas - Recursive Formulas 1 Mortality follows...

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Recursive Formulas 1. Mortality follows a select and ultimate mortality table. The select period is two years. Mortality during the ultimate period follows the mortality in the Illustrative Life table. You are also given that: i. [] 0.5 I xx qq ii. [ ] 1 1 0.75 I  Where I x q and I x q are from the Illustrative Life Table. Calculate [80] 1000 A at 6%. i 2. You are given: i. 6 x a when the value is calculated using an interest rate of i ii. 1 5.848 x a when the value is calculated using an interest rate of i iii. 15 x a when the value is calculated using an interest rate of 0% i iv. 1000 400 x A when the value is calculated using an interest rate of i Calculate 1 x e 3. You are given 0.05 xt q for all t . However, geneticists are Purdue University have just discovered a miracle pill which results in reducing the mortality rate in half for the one year

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Recursive Formulas - Recursive Formulas 1 Mortality follows...

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