View source: R/5_actuarialFunctions.R
AExn | R Documentation |
This function evaluates the n-year endowment insurance.
AExn(actuarialtable, x, n, i=actuarialtable@interest, k = 1, type = "EV", power=1)
actuarialtable |
An actuarial table object. |
x |
Insured age. |
n |
Length of the insurance. |
i |
Rate of interest. When missing the one included in the actuarialtable object is used. |
k |
Frequency of benefit payment. |
type |
A string, either |
power |
The power of the APV. Default is 1 (mean) |
The n-year endowment insurance provides a payment either in the year of death or at the end of the insured period.
A numeric value.
When type="EV" the function calls both Axn
and Exn
.
Giorgio A. Spedicato
Actuarial Mathematics (Second Edition), 1997, by Bowers, N.L., Gerber, H.U., Hickman, J.C., Jones, D.A. and Nesbitt, C.J.
Axn
,Exn
#Actuarial Mathematics book example
#check the actuarial equality on the expected values Exn+Axn=AExn
data(soa08Act)
AExn(soa08Act, x=35,n=30,i=0.06)
Exn(soa08Act, x=35,n=30,i=0.06)+Axn(soa08Act, x=35,n=30,i=0.06)
Add the following code to your website.
For more information on customizing the embed code, read Embedding Snippets.