Approximates the reserve at time \(t\) from a known reserve at
time \(t+h\).
Usage
thiele_backward_step(V_next, P, delta, mu, benefit = 1, h = 1)
Arguments
- V_next
Reserve at time t+h.
- P
Premium rate.
- delta
Force of interest.
- mu
Force of mortality at time t.
- benefit
Benefit amount. Defaults to 1.
- h
Step size.
Examples
thiele_backward_step(V_next = 1000, P = 26.96, delta = 0.058, mu = 0.002, benefit = 1000, h = 1)
#> [1] 919.8491