DocumentCode
2905627
Title
Calculations of Special Annuities under Random Rates of Interest
Author
Liu, Lingchen ; Yang, Xiuping ; Lei, Wanpeng ; Li, Ting
Author_Institution
Dept. of Sci., Shanxi Univ., Taiyuan, China
fYear
2011
fDate
17-18 Oct. 2011
Firstpage
607
Lastpage
609
Abstract
We consider the calculation of present value of some annuities over a period of years in which the rate of interest is a random variable under some restrictions. We aim at the expected value and variance of the present value. In this paper, the special pattern of annuity changes whose payments are of the rainbow is studied and beginning value is given. Meanwhile, we find recursive relationships for the variance of the present value and solve these relationships.
Keywords
economic indicators; interest rate; present value calculation; recursive relationship; special annuities calculation; Business; Economic indicators; Insurance; Random variables; Reactive power; annuities; present value; rainbow; random rates of interest;
fLanguage
English
Publisher
ieee
Conference_Titel
Business Intelligence and Financial Engineering (BIFE), 2011 Fourth International Conference on
Conference_Location
Wuhan
Print_ISBN
978-1-4577-1541-9
Type
conf
DOI
10.1109/BIFE.2011.32
Filename
6121214
Link To Document