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| rev | Admin | (Created page with "(40) wins the SOA lottery and will receive both: *A deferred life annuity of <math>K</math> per year, payable continuously, starting at age <math>40+\stackrel{\circ}{e}_{40}</math> and *An annuity certain of <math>K</math> per year, payable continuously, for <math>\stackrel{\circ}{e}_{40}</math> years You are given: (i) <math>\mu=0.02</math> (ii) <math>\delta=0.01</math> (iii) The actuarial present value of the payments is 10,000 Calculate <math>K</math>. <ul clas...") | Jan 18'24 at 22:12 | +586 |