Commutation Functions Quiz

What do commutation functions help calculate?

• Actuarial Present Value

• Monthly Payments

• Future Value

• Total Cost

• 𝑀_x

• 𝐶_x

• 𝐷_x

• 𝑎_x

What is the APV of a pure endowment with 𝑆=1?

• 
• 𝐷_x

• 𝑣ⁿ𝑝_x

• 

What does 𝐶_𝑥 represent?

• 𝑎_x

• 𝑣^𝑥+1.𝑑_𝑥

• 𝑣^𝑥+1

• 𝑀_𝑥

What is the formula for the EPV of an whole life immediate annuity of 𝑆=1?

What is the relationship between term and deferred insurance?

• 
• 
• 
• 

What does 𝑁_𝑥 represent?

• Sum of all 𝐷_𝑥

• Future Value

• Total Payments

• Expected Value

What is the formula for a whole life annuity issued to a select life age x?

• 𝑎_[𝑥]=𝑀_𝑥

What is the relationship between 𝐴_𝑥 and 𝑎_𝑥?

• 𝐴_𝑥=1−𝑑𝑎_𝑥

• 𝐴_𝑥=𝑑𝑎_𝑥

• 𝐴_𝑥=𝑎_𝑥+1

• 𝐴_𝑥=𝑎_𝑥−1

What does a_x equal?

• 𝑁_𝑥+𝑛