Question

Determine the notation that is used for the present value of 1 payable every year to a life aged x as long the life is alive before age x+n (the first payment of 1 is paid at the end of year 1 from commencement of contract).

a.

Ax: nך

b.

äx

c.

äx:nך

d.

ax:nך

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (d).ax:nך Explanation:nך is the present value of 1 payable every year to a life aged x as long the life is alive before age x+n (the first payment of 1 is paid at the end of year 1 from commencement of contract).

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Q. Determine the notation that is used for the present value of 1 payable every year to a life aged x as long the life is alive before age x+n (the first payment of 1 is paid at the...
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