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For a 10-year term insurance of 1000 on (x), you are given: i. The death benefit is payable at the moment of death. ii. Hætt = 0.05 for t > 0 iii. Sa+t = 0.10 for t≥ 0 iv. Z is the present value of insurance benefit. Determine the median of Z. Possible Answers A Less than 100. B At least 100 but less than 300. c At least 300 but less than 500. D At least 500 but less than 700. E At least 700.

For a 10-year term insurance of 1000 on (x), you are given: i. The death benefit is payable at the moment of death. ii. Hætt = 0.05 for t > 0 iii. Sa+t = 0.10 for t≥ 0 iv. Z is the present value of insurance benefit. Determine the median of Z. Possible Answers A Less than 100. B At least 100 but less than 300. c At least 300 but less than 500. D At least 500 but less than 700. E At least 700.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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For a 10-year term insurance of 1000 on (x), you are given: i. The death benefit is payable at the moment of death. ii. Mætt = 0.05 for t > 0 A iii. Sa+t = 0.10 for t≥ 0 iv. Z is the present value of insurance benefit. Determine the median of Z. Possible Answers A Less than 100. B At least 100 but less than 300. c At least 300 but less than 500. D At least 500 but less than 700. E At least 700.
Transcribed Image Text:For a 10-year term insurance of 1000 on (x), you are given: i. The death benefit is payable at the moment of death. ii. Mætt = 0.05 for t > 0 A iii. Sa+t = 0.10 for t≥ 0 iv. Z is the present value of insurance benefit. Determine the median of Z. Possible Answers A Less than 100. B At least 100 but less than 300. c At least 300 but less than 500. D At least 500 but less than 700. E At least 700.
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