UDD approximation of m-thly term insurance

Computes \(A_{x:\overline{n}|}^{1(m)} = (i/i^{(m)})A_{x:\overline{n}|}^{1}\).

Usage

Axn1_m_udd(Axn1, i, m)

Arguments

Axn1

Discrete term insurance APV.

i

Effective annual interest rate.

m

Positive integer payment frequency.

Value

m-thly term insurance APV under UDD.