solve with complete explanation and get multiple upvotes Consider a fully discrete (all cash flows yearly, due premiums) whole lifeinsurance of 1, 000 on (x), with the payable premium determined using the equivalenceprinciple and the following parameters:(i) i = 0.06(ii) 2A, = 0.14(iii) ä„12(iv) Initial expenses are 75% of the first premium plus $10.(v) Renewal expenses are $2 plus 10% of each subsequent premium.(vi) An additional expense of $20 is paid when the death benefit is paid.Calculate the variance of the gross future loss random variable at t = 0.

Given: i=0.06Ax=0.142a¨x=12SA=1000Initial expenses=0.75P+10Renewal expenses=2+0.10PClaim expenses…

Answered: solve with complete explanation and get…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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