lifecontingencies (version 1.3.1)

Exn: Function to evaluate the pure endowment.

Description

Given an actuarial table, this function evaluate the pure endowment.

Usage

Exn(actuarialtable, x, n, i=actuarialtable@interest, type = "EV", power=1)

Arguments

actuarialtable

An actuarial table object.

x

Age of the insured.

n

Length of the pure endowment.

i

Interest rate (overrides the interest rate of the actuarial table object)

type

A string, eithed "EV" (default value), "ST" (stocastic realization) or "VR" if the value of the variance is needed.

power

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

Value

The value of the pure endowmnet.

Warning

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.

Details

As done in all package, interest rate is assumed fixed.

References

Actuarial Mathematics (Second Edition), 1997, by Bowers, N.L., Gerber, H.U., Hickman, J.C., Jones, D.A. and Nesbitt, C.J.

See Also

axn

Examples

# NOT RUN {
		#assumes SOA example life table to be load
		data(soaLt)
		soa08Act=with(soaLt, new("actuarialtable",interest=0.06,
		x=x,lx=Ix,name="SOA2008"))
		#evaluate the pure endowment for a man aged 30 for a time span of 35
		Exn(soa08Act, x=30, n=35) 


# }