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Papers and Transactions Volume 4

Papers and Transactions Volume 4


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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1896 Excerpt: ... correction (whole life loading) for operations for which the payment of premium ceases before the face of the policy may become a claim. According to what precedes we could designate by A', P', the "inventaire" single and annual premiums; and by A', P," the "commercial" single and annual premiums (office premiums) corresponding to the pure premiums A and P. Commutation Symbols. has everywhere the same value. N, is taken by English actuaries to represent the quantity which, divided by D, gives for a quotient the life annuity ax. In America and in France it has been agreed to represent by N, the quantity which, divided by D, gives for a quotient i + a i that is to say, the annuity-due. This distinction has little importance. It is sufficient to be forewarned of it The French and American systems of notation look upon the annuity as chiefly used as an auxiliary quantity serving the purpose of a divisor in the calculation of the annual premium of life contracts. From a didactic point of view, and considering annuities as a distinct class of operations, under the same general division as annuities certain, there is no reason in favor of adopting for N, the value D, --DI+1-f-... D., as, in annuities--unless there be a stipulation to the contrary--the first payment is always understood to be deferred one year. But the above distinction is of little importance. It is enough if we pay strict attention to it in handling commutation columns constructed according to one or the other system. As the above symbol is a function of N, it will have, in view of what has just been said, different values according to the method adopted for the calculation of N. In the English notation C, = d. while French actuaries have taken for this the value This ...


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Product Details
  • ISBN-13: 9781130531602
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 126
  • Spine Width: 7 mm
  • Width: 189 mm
  • ISBN-10: 1130531600
  • Publisher Date: 01 Mar 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 240 gr


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