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| rev | Admin | (Created page with "'''Answer: E''' <math <math display="block"> \begin{aligned} { }_{4.5} V & =v_{0.5}^{0.5} p_{x+4.5} V+v_{0.5}^{0.5} q_{x+4.5} b, \text { where } b=10,000 \text { is the death benefit during year } 5 \\ { }_{0.5} q_{x+4.5} & =\frac{{ }_{0.5} q_{x+4}}{1-{ }_{0.5} q_{x+4}}=\frac{0.5(0.04561)}{1-0.5(0.04561)}=0.02334 \\ { }_{0.5} p_{x+4.5} & =0.97666 \\ { }_{5} V & =\frac{\left({ }_{4} V+P\right)(1.03)-q_{x+4} b}{p_{x+4}} \\ { }_{5} V & =\frac{(1,405.08+647.46)(1.03)-0.04...") | Jan 20'24 at 2:51 | +1,044 |