ACTSC232 Lecture : Summary of Part III (formulas) All the formulas you need for the third part of the course organized in a pdf file
16 Oct 2011
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Summary of lecture notes actsc 232, winter 2010. An annuity is a series of payments paid at equal intervals or continuously over a xed term: pv of the annuity-due of 1 for n years is. An = 1 + v + + vn 1 = n 1(cid:88) k=0 vk = 1 vn d: pv of the annuity-immediate of 1 for n years is n(cid:88) an = v + v2 + + vn = k=1 vk = 1 vn i: pv of the continuous annuity with annual rate of 1 for t years is (cid:90) t. A life annuity on (x) is a series of payments paid at equal intervals or continuously over a random term when the life (x) is alive. 3. 1 discrete life annuities on (x): (a) a discrete whole life annuity-due of 1 on (x) pays 1 at the beginning of each year until (x) dies. The apv of the annuity is denoted by ax and.
