Description Usage Arguments Details Value Warning Note Author(s) References See Also Examples

View source: R/5_actuarialFunctions.R

This function calculates actuarial value of annuities, given an actuarial table. Fractional and deferred annuities can be evaluated. Moreover it can be used to simulate the stochastic distribution of the annuity value.

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`actuarialtable` |
An actuarial table object. |

`x` |
Age of the annuitant. (can be a vector). |

`n` |
Number of terms of the annuity, if missing annuity is intended to be paid until death. (can be a vector). |

`i` |
Interest rate (default value the interest of the life table). (should be a scalar). |

`m` |
Deferring period. Assumed to be 1 whether missing. (can be a vector). |

`k` |
Number of fractional payments per period. Assumed to be 1 whether missing. (should be a scalar). |

`type` |
A string, either |

`power` |
The power of the APV. Default is 1 (mean) |

`payment` |
The Payment type, either |

`...` |
Arguments to be passed to |

When "ST" has been selected a stochastic value representing a number drawn from the domain of

*
a_{x}^{n}*

is drawn. "EV" calculates the classical APV.

A numeric value.

The function is provided as is, without any warranty regarding the accuracy of calculations. The author disclaims any liability for eventual losses arising from direct or indirect use of this software.

When either *x=ω* or *n=0* zero is returned.

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.

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