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Calculate the probability that the sum of the payments on a non-discounted basis made under the annuity will exceed the expected present value of the annuity at issue. | Calculate the probability that the sum of the payments on a non-discounted basis made under the annuity will exceed the expected present value of the annuity at issue. | ||
<ul class="mw-excansopts"><li> | <ul class="mw-excansopts"><li>0.826 </li><li>0.836 </li><li> 0.846</li><li> 0.856</li><li>0.866 </li></ul> | ||
{{soacopyright|2024}} | {{soacopyright|2024}} | ||
Latest revision as of 22:47, 18 January 2024
For a 10-year certain and life annuity-due on (65) with annual payments you are given:
i) Mortality follows the Standard Ultimate Life Table
ii) [math]\quad i=0.05[/math]
Calculate the probability that the sum of the payments on a non-discounted basis made under the annuity will exceed the expected present value of the annuity at issue.
- 0.826
- 0.836
- 0.846
- 0.856
- 0.866
Copyright 2024. The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.