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On the Determination of the Rate of Interest of an Annuity

โœ Scribed by Professor De Morgan


Book ID
123903195
Publisher
Cambridge University Press
Year
1859
Weight
511 KB
Volume
8
Category
Article
ISSN
2046-1658

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๐Ÿ“œ SIMILAR VOLUMES


A straightforward analytical calculation
โœ M. Vanneste; M.J. Goovaerts; A. De Schepper; J. Dhaene ๐Ÿ“‚ Article ๐Ÿ“… 1997 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 305 KB

Starting from the moment generating function of the annuity certain with stochastic interest rate written by means of a time discretization of the Wiener process as an n-fold integral, a straightforward evaluation of the corresponding distribution function is obtained by letting n tend to infinity.