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revprev | Admin | Jan 19'24 at 19:55 | +23 | m | |
revcur | Admin | (Created page with "'''Answer: D''' The equation of value is given by Actuarial Present Value of Premiums = Actuarial Present Value of Death Benefits. The death benefit in the first year is <math>1000+P</math>. The death benefit in the second year is <math>1000+2 P</math>. The formula is <math>P \ddot{a}_{80: 2}=1000 A_{80: 2}^{1}+P(I A)_{80: 2}^{1}</math>. Solving for <math>\mathrm{P}</math> we obtain <math>P=\frac{1000 A_{80: 21}^{1}}{\ddot{a}_{80: 21}-(I A)_{80: 21}^{1}}</math>. <m...") | Jan 19'24 at 19:53 | +917 |