1. 

   lolarufai Member

   Please can any one explain why we are using a10 in the solution rather than a40. Is this because of the guaranty of 10 years of payment. Please explain the whole formula

    

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   lolarufai, Jul 7, 2018

   #1
2. 

   Harashima Senju Ton up Member

   We are certain to get 10 payments if a life aged 40 dies within the next 10 years. So we use a10

    

   Harashima Senju, Jul 8, 2018

   #2

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