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| rev | Admin | (Created page with "A fund is established for the benefit of 400 workers all age 60 with independent future lifetimes. When they reach age 85 , the fund will be dissolved and distributed to the survivors. The fund will earn interest at a rate of <math>5 \%</math> per year. The initial fund balance, <math>F</math>, is determined so that the probability that the fund will pay at least 5000 to each survivor is <math>86 \%</math>, using the normal approximation. Mortality follows the Standar...") | Jan 18'24 at 3:37 | +665 |