Consider the following present value random variable (PVRV) for the benefits under an insurance contract: 0 Z = 50,000vK

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Consider The Following Present Value Random Variable Pvrv For The Benefits Under An Insurance Contract 0 Z 50 000vk 1 (86.31 KiB) Viewed 40 times

Consider the following present value random variable (PVRV) for the benefits under an insurance contract: 0 Z = 50,000vKx+1 100,000v30 KT < 10 x 10 ≤ K < 30 Kr≥ 30 1. Write down a summation formula for the expected present value (EPV) of this contract. 2. Provide two different expressions in terms of standard actuarial functions (i.e. 'A' functions) for the EPV in (b) 3. Using the Standard Ultimate Life Table, calculate this EPV for a life aged 50 using interest of į = 5%