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| rev | Admin | (Created page with "'''Answer: A''' Actuarial present value of insured benefits: <math>100,000\left[\frac{0.95 \times 0.02}{1.06^{6}}+\frac{0.95 \times 0.98 \times 0.03}{1.06^{7}}+\frac{0.95 \times 0.98 \times 0.97 \times 0.04}{1.06^{8}}\right]=5,463.32</math> <math>\Rightarrow P\left(1+\frac{0.95}{1.06^{5}}\right)=5,463.32 \Rightarrow P=3,195.12</math> {{soacopyright|2024}}") | Jan 19'24 at 22:14 | +361 |