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  3. 1a. you are given the following life table values:

1a. You are given the following life table values: l54 + l55 + l56...

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Finance

1a. You are given the following life table values:

l54 + l55 + l56 + + l105 = 2,536,220 and e54 = 26.32.

You are also given that the limiting age of the table is 105.

What is the value of l54?

  • A. 94,565
  • B. 92,834
  • C. 96,361
  • D. 98,227

1b. Using the select and ultimate table below, calculate the probability that someone currently aged 72 that was insured one year ago will die between ages 74 and 75.

Age [x]

q [x]

q [x] + 1

q [x] + 2

q x + 3

Attained

age x+3
70 0.0175 0.0250 0.0315 0.0375 73
71 0.0190 0.0275 0.0345 0.0425 74
72 0.0210 0.0300 0.0375 0.0465 75
  • A. 0.0356
  • B. 0.0375
  • C. 0.0399
  • D. 0.0425

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