MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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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.
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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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