Description Usage Arguments Value
Used to calculate PBO for closed form valuation
1 |
x |
Actual age |
r |
Retirement age |
survFactor |
Survival factor for the current year |
discFactor |
Discount factor for the current year |
bondIndex |
The bond index for the current year |
av |
The account value at the beginning of the year |
vol |
The volatility on a long term treasury bond |
floor |
The floor rate |
The PBO for the given input parameters
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