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Old 08-14-2019, 10:59 PM
actuarialkid97 actuarialkid97 is offline
 
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Default Reserve (Prospective vs Retrospective)

For a fully continuous 20-year term endowment of 10,000 on (50), you are given
https://imgur.com/dRkLxQf

My approach:
https://imgur.com/YkxLxt0

I got different answers for them.
One is 4031.454359 and another is 3160.386356. Where's my mistake?
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Old 08-14-2019, 11:26 PM
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Gandalf Gandalf is offline
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It's a little hard for me to read your writing, but when you calculate
it looks like you have a term of
If so, why v^20 instead of v^t? And where is the 90 coming from? I would expect 120-50=70. Similarly a 90 in the other term.
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Old 08-15-2019, 12:21 AM
actuarialkid97 actuarialkid97 is offline
 
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I found what my mistake. Thanks !
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