A life annuity on (x) provides for benefits made continuously for 2 years, provided that (x) is alive. The annual rate of payment at time t is c(t), defined by t, c(t) Ost<1, 1

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
Problem 9T
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A life annuity on (x) provides for benefits made continuously for 2 years, provided that
(x) is alive. The annual rate of payment at time t is c(t), defined by
0<t < 1,
c(t)
1<1<2.
The interest rate is 0, qx = 0.3, and q,+1 =
0.4. Find the present value, assuming UDD.
%3D
Transcribed Image Text:A life annuity on (x) provides for benefits made continuously for 2 years, provided that (x) is alive. The annual rate of payment at time t is c(t), defined by 0<t < 1, c(t) 1<1<2. The interest rate is 0, qx = 0.3, and q,+1 = 0.4. Find the present value, assuming UDD. %3D
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