Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. advance math
  3. a 55-year old buys a continuous increasing whole l

A 55-year old buys a continuous increasing whole life insurance. The benefit payable at the moment...

80.2K

Verified Solution

Question

Advance Math

A 55-year old buys a continuous increasing whole life insurance.The benefit payable at the moment of death (time t) is equal tobt=1000t.

Mortality is DeMoivre, with ?=100;?=0.06

Find the Net Single Premium of this insurance.

Answer & Explanation Solved by verified expert
4.0 Ratings (576 Votes)
    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Drag and drop the stages and components of meiosis to their correct description Proteins that...

Biology
Q

A string of mass per unit length is clamped at both ends such that one...

Physics
Q

Two forces act on an object of mass M 4 00 kg as shown in...

Physics
Q

lifetime is 16 years with a standard deviation of 2 years a If you bought...

Statistics
Q

Solve the following linear systems of differential equations Provide a sketch the phase portrait and...

Calculus
Q

The number of hours of daylight y for day x x 1 to 365 in...

Calculus
Q

Find an equation of the line that contains the points listed in the following table...

Algebra
Q

Choose the correct statement(s) from the list below: a. Cash flow from operations is the...

Accounting
Q

Near the end of 2017, the management of Dimsdale Sports Co., a merchandising company, prepared...

Accounting
Q

Question 4 Week 10 (7 marks) (a) Where the parent company does not hold 100...

Accounting
Q

The debt ratio helps to assess the risk a company has of failing to pay...

Accounting
Q

7 100 - $ 0.0 123 run 1. The firm's records indicate that Check 1316...

Accounting