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Author : Edward Baylis
Release : 1844
Genre : Annuities
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis The Arithmetic of Annuities and Life Assurance, Or, Compound Interest Simplified ... by : Edward Baylis
Download or read book The Arithmetic of Annuities and Life Assurance, Or, Compound Interest Simplified ... written by Edward Baylis. This book was released on 1844. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Edward BAYLIS (Actuary.)
Release : 1844
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis The Arithmetic of Annuities and Life Assurance, Or Compound Interest Simplified, Etc by : Edward BAYLIS (Actuary.)
Download or read book The Arithmetic of Annuities and Life Assurance, Or Compound Interest Simplified, Etc written by Edward BAYLIS (Actuary.). This book was released on 1844. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Edward Baylis
Release : 2016-05-17
Genre :
Kind : eBook
Book Rating : 370/5 ( reviews)
Book Synopsis The Arithmetic of Annuities and Life Assurance, Or Compound Interest Simplified by : Edward Baylis
Download or read book The Arithmetic of Annuities and Life Assurance, Or Compound Interest Simplified written by Edward Baylis. This book was released on 2016-05-17. Available in PDF, EPUB and Kindle. Book excerpt: This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Author : Hans U. Gerber
Release : 2013-04-17
Genre : Mathematics
Kind : eBook
Book Rating : 554/5 ( reviews)
Book Synopsis Life Insurance Mathematics by : Hans U. Gerber
Download or read book Life Insurance Mathematics written by Hans U. Gerber. This book was released on 2013-04-17. Available in PDF, EPUB and Kindle. Book excerpt: HaIley's Comet has been prominently displayed in many newspapers during the last few months. For the first time in 76 years it appeared this winter, clearly visible against the nocturnal sky. This is an appropriate occasion to point out the fact that Sir Edmund Halley also constructed the world's first life table in 1693, thus creating the scientific foundation of life insurance. Halley's life table and its successors were viewed as deterministic laws, i. e. the number of deaths in any given group and year was considered to be a weIl defined number that could be calculated by means of a life table. However, in reality this number is random. Thus any mathematical treatment of life insurance will have to rely more and more on prob ability theory. By sponsoring this monograph the Swiss Association of Actuaries wishes to support the "modern" probabilistic view oflife contingencies. We are fortu nate that Professor Gerber, an internationally renowned expert, has assumed the task of writing the monograph. We thank the Springer-Verlag and hope that this monograph will be the first in a successful series of actuarial texts. Hans Bühlmann Zürich, March 1986 President Swiss Association of Actuaries Preface Two major developments have influenced the environment of actuarial math ematics. One is the arrival of powerful and affordable computers; the once important problem of numerical calculation has become almost trivial in many instances.
Author : Edward Baylis
Release : 2013-09
Genre :
Kind : eBook
Book Rating : 505/5 ( reviews)
Book Synopsis The Arithmetic of Annuities and Life Assurance, Or Compound Interest Simplified; Explaining the Value of Annuities Certain, Or Contingent on One Ot Tw by : Edward Baylis
Download or read book The Arithmetic of Annuities and Life Assurance, Or Compound Interest Simplified; Explaining the Value of Annuities Certain, Or Contingent on One Ot Tw written by Edward Baylis. This book was released on 2013-09. Available in PDF, EPUB and Kindle. Book excerpt: This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1844 edition. Excerpt: ...of 3 per cent, per annum? Answer, 16 10 9. R TEMPORARY ASSURANCES ON LAST OF TWO LIVES. LXXVIII.--1. Single payments. Subtract the value of a deferred (LXXVII. 3.) assurance of 1, from--The present value of an assurance of 1 on the last (LXXV.) of the given lives; The result, multiplied by the given sum, will be the temporary assurance required. 2. Annual payments. Divide the value of a temporary (LXXVIII. 1.) assurance of 1, in a single payment, on the last of the given lives, by--The present value of a temporary (LXXIV.) annuity of 1, increased by unity, on the last of the given lives, for one year less than the given term; The result, multiplied by the given sum, will be the annual premium required..3. For one year. Multiply the present value of 1, as found by Table III., due one year hence, by--The probability (LXX1. 2.) that the last of the given lives will die in the year; The result, multiplied by the given sum, will be the premium required. Required the value, in a single payment, of a temporary assurance of 1000 for ten years, on the last survivor of two lives, severally aged 47 and 52, reckoning the interest of money at 3 per cent, per annum? Answer, 64 9 9. What annual premium is required to assure the sum of 1000 on the last survivor of two lives, aged 47 and 52 respectively, to be paid in the event of the decease of both of them happening in the next ten years, interest being reckoned at the rate of 3 per cent, per annum? Answer, 7 9 11. What premium is required to assure 1000 for one year, to be paid in the event of two persons, whose respective ages are 47 and 52, both dying within the term, assuming the interest of money at 3 per cent, per annum? Answer, ...
