DP Tool Club 17/CD_ASCQ_17_101194.iso/vrac/fin312.zip/FINC1602.EQU

Text File | 1993-03-20 | 2KB | 13 lines

"AST1CAL3 EQUATION VARIABLE |N 7 0N|","03-20-1993","22:36:29"
"NXDX=((99-AGE)/12*((1+EFFRATE%/100)^-(AGE)*EXP(-6.591E-12*(AGE)^6)+4*((1+EFFRATE%/100)^-(AGE+(99-AGE)/4)*EXP(-6.591E-12*(AGE+(99-AGE)/4)^6))+2*((1+EFFRATE%/100)^-(AGE+(99-AGE)/2)*EXP(-6.591E-12*(AGE+(99-AGE)/2)^6))+4*((1+EFFRATE%/100)^-(AGE+3*(99-AGE)/4)*EXP(-6.591E-12*(AGE+3*(99-AGE)/4)^6))+(1+EFFRATE%/100)^-(99)*EXP(-6.591E-12*(99)^6)))/((1+EFFRATE%/100)^-AGE*EXP(-6.591E-12*AGE^6)) NETSINGP=RND(PAYMNT$*NXDX)"
"WHOLE LIFE ANNUITY DUE. A life annuity that is to continue so  long as the individual (annuitant) is alive is called a whole life annuity.     When payments PAYMNT$ are to be made to an individual now AGE years old at the  beginning of the year, the annuity is called  WHOLE LIFE ANNUITY DUE. EFFRATE%  is the effective, or annual, interest rate. NXDX is the ratio of N(x) to D(x)   and is derived from the 1941 CSO Mortality Table. NETSINGP is the net single    premium or present value.                                                                                                                                       *** Answers to problems ***    (c) Copyright PCSCC Inc., 1993                   (a) Set AGE=30, EFFRATE%=7, and PAYMNT$=10,000. The net single premium for this whole life annuity due is $132,289.4.                                                                        Type any key to exit.                                                                                                                             ||(a) Find the net single premium NETSINGP for an whole life     annuity due of $10,000 per year for an individual now aged 30 if money is worth 7% effective.                                                                            Type comma key to see answers.  Type (F2) to return to helpfile."
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