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Showing that the approximation for a continuous whole life annuity holds.

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asked May 14 in BUS 3018F - Models by anonymous

I tried to show this but I am not sure if the fact that I expanded the sum in the parts that I highlighted is a valid way to prove the relationship.image image

1 Answer

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answered May 15 by Graham Tangawamira (240 points)

Hello :)

That looks fine because it is a telescoping sum.