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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