The Doctrine of Life Annuities And Assurances Analytically Investigated And Pr

Cover The Doctrine of Life Annuities And Assurances Analytically Investigated And Pr
The Doctrine of Life Annuities And Assurances Analytically Investigated And Pr
Francis Baily
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SOLUTION.
The given sum may be received at the end of the first year, on the happening of either of two events : 1. That all the lives become extinct in that year, C having died first ; 2. That A and C both fail in that year, C having died first, and that B lives to the end of it. The probabilities of the happening of these events are respectively x y z, and ^ z y - : fjlx

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