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| rev | Admin | (Created page with "For a group of 100 lives age <math>x</math> with independent future lifetimes, you are given: (i) Each life is to be paid 1 at the beginning of each year, if alive (ii) <math>\quad A_{x}=0.45</math> (iii) <math>{ }^{2} A_{x}=0.22</math> (iv) <math>\quad i=0.05</math> (v) <math>\quad Y</math> is the present value random variable of the aggregate payments. Using the normal approximation to <math>Y</math>, calculate the initial size of the fund needed in order to be <...") | Jan 18'24 at 22:17 | +687 |