CALCULATIONS OF SOME SPECIAL ANNUITIES UNDER RANDOM RATES OF INTEREST

LIU Lingchen,DUAN Baige

Journal of Systems Science and Mathematical Sciences ›› 2016, Vol. 36 ›› Issue (10) : 1670-1677.

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PDF(272 KB)
Journal of Systems Science and Mathematical Sciences ›› 2016, Vol. 36 ›› Issue (10) : 1670-1677. DOI: 10.12341/jssms12920

CALCULATIONS OF SOME SPECIAL ANNUITIES UNDER RANDOM RATES OF INTEREST

  • LIU Lingchen1,DUAN Baige2
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Abstract

It is mainly to study the mathematical expectation and variance of the present value of some annuities about the calculation under stochastic interest rates. In this paper, we give the present values of some annuities whose payments are of the flatheaded rainbow, the rainbow,the reverse flatheaded rainbow and the reverse rainbow and derive the simplified formulas under stochastic interest rates. The simplified formulas of the moment of the present values of the annuities are derived, and the expectation and variance of these annuities are obtained.

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LIU Lingchen , DUAN Baige. CALCULATIONS OF SOME SPECIAL ANNUITIES UNDER RANDOM RATES OF INTEREST. Journal of Systems Science and Mathematical Sciences, 2016, 36(10): 1670-1677 https://doi.org/10.12341/jssms12920
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