excans:685f46a7ac: Difference between revisions
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(Created page with "We compute: {| class="table table-bordered" |- ! Year !! Expected Loss !! Cumulative payments || Reserve |- | AY1 || 20,500 * 0.85 = 17,425 || 16,740 || 685 |- | AY2 || 30,000 * 0.7 = 21,125 || 21,125 || 0 |- | AY3 || 27,500 * 0.8 = 22,000 || 19,750 || 2,250 |- | AY4 || 31,250 * 0.75 =23,437.5 || 20,100 || 3,337.5 |- || || || || '''Total: 6,310.5''' |}") |
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'''Solution: D''' | |||
We compute: | We compute: | ||
Latest revision as of 22:30, 24 October 2024
Solution: D
We compute:
| Year | Expected Loss | Cumulative payments | Reserve |
|---|---|---|---|
| AY1 | 20,500 * 0.85 = 17,425 | 16,740 | 685 |
| AY2 | 30,000 * 0.7 = 21,125 | 21,125 | 0 |
| AY3 | 27,500 * 0.8 = 22,000 | 19,750 | 2,250 |
| AY4 | 31,250 * 0.75 =23,437.5 | 20,100 | 3,337.5 |
| Total: 6,310.5 |