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Life contingencies - what's the difference?

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  • Life contingencies - what's the difference?

    I just want to know the difference between the aggregate payment method and the current payment method in life annuities (chapter 5 of Actuarial Mathematics by Bowers, et. al), so that I can understand how the formulas were stated.

  • #2
    Originally posted by truth in lending
    I just want to know the difference between the aggregate payment method and the current payment method in life annuities (chapter 5 of Actuarial Mathematics by Bowers, et. al), so that I can understand how the formulas were stated.
    Current payment form expresses an annuity's APV as a sum of pure endowments; aggregate payment form expresses an annuity's APV as the expected value of a present value random variable.
    act justly. walk humbly. .

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