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| rev | Admin | (Created page with "'''Answer: D''' <math>\ddot{a}_{x: 3}=\frac{\text { Actuarial PV of the benefit }}{\text { Level Annual Premium }}=\frac{152.85}{56.05}=2.727</math> <math>\ddot{a}_{x: 31}=1+\frac{0.975}{1.06}+\frac{0.975\left(p_{x+1}\right)}{(1.06)^{2}}=2.727</math> <math>\Rightarrow p_{x+1}=0.93</math> Actuarial PV of the benefit <math>=</math> <math>152.85=1,000\left[\frac{0.025}{1.06}+\frac{0.975(1-0.93)}{(1.06)^{2}}+\frac{0.975(0.93)\left(q_{x+2}\right)}{(1.06)^{3}}\right]</mat...") | Jan 19'24 at 20:35 | +564 |