What about insurance and annuities that have a non-annual payment mode? (Lecture 12)So far, all the discrete insurance and annuity products Sussie and Tom looked at are annual products. In the case of discrete life...
All the annuity types... (Lecture 11)Today Tom continued to look at real annuity products which are paid periodically. He again focuses on annually paid annuity due. Last...
Pricing annuities - from continuous to discrete (Lecture 10)Last time Tom found out the three definitions of annuity cost given PVRV Y: (1) APV (E[Y]), (2) APV + multiple x std (Y), (3) percentile...