Escolano, Antonio Alegre; Mayoral, Rosa - Facultat d'Economia i Empresa, Universitat de Barcelona - 1996
In this paper we obtain the expression of the random variable final value of an annuity-due, its mathematical expectation and its variance, considering a stochastic accumulation law based on a Wiener Process. Due to the fact that stochastic accumulation factors are dependent when, temporally...