Computes the one-period guaranteed maturity fund roll-forward used in
Example 16.9.
Usage
GMF_rollforward_ul(GMF_prev, GMP, r, policy_charge, i)
Arguments
- GMF_prev
Prior guaranteed maturity fund.
- GMP
Guaranteed maturity premium.
- r
Expense factor applied to GMP.
- policy_charge
Guaranteed policy charge.
- i
Guaranteed interest rate.
Examples
GMF_rollforward_ul(140.40, 14.49, 0.04, 11.80, 0.03)
#> [1] 146.7857