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System and method for annuity valuation

  • US 7,203,664 B2
  • Filed: 09/26/2003
  • Issued: 04/10/2007
  • Est. Priority Date: 09/26/2003
  • Status: Expired due to Fees
First Claim
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1. A system, comprising:

  • at least one processor for execution of a specified valuation method;

    at least one database associated with the processor; and

    a financial account, the account having term and having a plurality of time periods associated therewith, with the plurality of time periods cumulatively less than or equal to the specified term, and the account having a premium deposited therein;

    wherein the specified valuation method executed by the at least one processor uses the relationship E t = ( P - ( t - 1 )

    A
    )


    i 1
    +

    n = 2 t




    Ai n
    provided that tA≦

    P, and where P is the premium, t is the number corresponding to the number of one of the plurality of time periods, A is an amount less than P, and it is the interest rate for the time period designated as t.

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