Quiz 5, Spring 2022
Quiz 5, Spring 2022
5 (Spring, 2022)
Variant A
with age).
If A x: n∨¿ ¿ =0, then KA x: n∨¿ ¿ = Kvn , where K is any
2. T F 1 ❑ ❑
A x: n∨¿ ¿ >0
1 ❑
II.
1 ❑
III. Ax > A x : n∨¿ ¿
2. You are currently 60 years old and want to buy a term insurance plan. The plan provides
no payments if you die in the first two years and death benefits of 50, 70 and 90 if you
die in years 3,4 and 5 respectively. What is the present value of this plan (correct to 2nd
decimal place – mark the nearest answer).
You are given :
q = 0.235
2 60
1 ❑
(IA )62: 3∨¿ ¿ = 1.1
1 ❑
A62: 3∨¿ ¿ = 0.586
¿ i=0 .06
A. 8.28
B. 9.35
C. 9.91
D. 26.95
E. 30.45
3. You are given the following :
x lx
60 1,000
61 950
62 850
63 700
64 500
65 250
Assume i=10%
❑
Find 2/ A161: 2∨¿ ¿
A. .31
B. .34
C. .37
D. .44
E. .48
Section C (Subjective Portion)
Show your working clearly (worth 4 marks)
❑ ❑
1. You are given (IA )140: 10∨¿ ¿ = 4.8, (IA )141: 9∨¿ ¿ = 4.7, q40 = 0.05 and i= 0.06. Find A140:
❑
(Give your answer to nearest 2nd decimal place).
10∨¿ ¿