Cadangan Zillmer Berdasarkan Distribusi Makeham Dengan Menggunakan Tingkat Bu…

This final project discusses Zillmer’s reserve in term of life insurance by using Rendleman-Bartter interest rate model. Interest rate model of Rendleman-Bartter is a lognormally distributed equilibrium one factor interest rate model and is expressed by stochastic differential equations that follow the Ito’s process. Interest rate models of Rendleman-Bartter has parameters μ and σ to…