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| rev | Admin | (Created page with "'''Answer: C''' The simplest solution is recursive: <math>{ }_{0} V=0</math> since the policy values are net premium policy values. <math>q_{[70]}=(0.7)(0.010413)=0.007289</math> <math>{ }_{1} V=\frac{(0+35.168)(1.05)-(1000)(0.007289)}{1-0.007289}=29.86</math> Prospectively, <math>q_{[70]+1}=(0.8)(0.011670)=0.009336 ; \quad q_{[70]+2}=(0.9)(0.013081)=0.011773</math> <math <math display="block"> \begin{aligned} & A_{[70]+1}=(0.009336) v+(1-0.009336)(0.011773) v^{2}...") | Jan 20'24 at 2:53 | +722 |