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Consider the life table below: Age (z) 43 57500 44 57332 45 57114 46 56862 47 56481 ) Use Simpson's Rule to approximate the value of a unit benefit payable immediately at the time of death for a 4-year term life msurance policy using 6= 0.042 43: 4 b) Use UDD to approximate the value of a unit benefit payable immediately at the time of death for a 4 year term life insurance policy using 6 0.042 %3D 22

Consider the life table below: Age (z) 43 57500 44 57332 45 57114 46 56862 47 56481 ) Use Simpson's Rule to approximate the value of a unit benefit payable immediately at the time of death for a 4-year term life msurance policy using 6= 0.042 43: 4 b) Use UDD to approximate the value of a unit benefit payable immediately at the time of death for a 4 year term life insurance policy using 6 0.042 %3D 22

Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 40E
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Consider the life table below: Age (z) 43 57500 44 57332 45 57114 46 56862 47 56481 (a) Use Simpson's Rule to approximate the value of a unit benefit payable immediately at the time of death for a 4-year term life insurance policy using 6 = 0.042 43: 4 (b) Use UDD to approximate the value of a unit benefit payable immediately at the time of death for a 4 year term life insurance policy using 6 = 0.042 43: 4 (c) Use claims acceleration to approximate the value of a unit benefit payable at the end of the month of for a 4 year term life insurance policy using an effective annual interest rate of 9.8% A(12) 43:4 2 Note: Round your answers to six decimal places. 42E Clear
Transcribed Image Text:Consider the life table below: Age (z) 43 57500 44 57332 45 57114 46 56862 47 56481 (a) Use Simpson's Rule to approximate the value of a unit benefit payable immediately at the time of death for a 4-year term life insurance policy using 6 = 0.042 43: 4 (b) Use UDD to approximate the value of a unit benefit payable immediately at the time of death for a 4 year term life insurance policy using 6 = 0.042 43: 4 (c) Use claims acceleration to approximate the value of a unit benefit payable at the end of the month of for a 4 year term life insurance policy using an effective annual interest rate of 9.8% A(12) 43:4 2 Note: Round your answers to six decimal places. 42E Clear
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