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Chapter 5. Life annuities.
Manual for SOA Exam MLC.
Chapter 5. Life annuities.
Section 5.3. Temporary annuities.
c 2009. Miguel A. Arcones. All rights reserved.
Extract from:
"Arcones' Manual for the SOA Exam MLC. Fall 2009 Edition".
available at http://www.actexmadriver.com/
c 2009. Miguel A. Arcones. All rights reserved. Manual for SOA Exam MLC.
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Chapter 5. Life annuities. Section 5.3. Temporary annuities.
Due n­year temporary annuity.
Definition 1
A due n­year term annuity guarantees payments made at the
beginning of the year while an individual is alive for at most n
payments.
The actuarial present value of an n-year term annuity due is
denoted by ¨Yx:n.
Definition 2

Source: Arcones, Miguel A. - Department of Mathematical Sciences, State University of New York at Binghamton

Collections: Mathematics