Write short notes on the following: a) Sinking Fund b) Net Present Value c) Hazard Function
Introduction In actuarial economics and financial planning, several technical concepts support effective decision-making and future financial projections. Among these, Sinking Fund, Net Present Value (NPV), and Hazard Function play key roles in investment analysis, insurance modeling, and risk assessment. Below are concise yet comprehensive explanations of each term. a) Sinking Fund A sinking fund is […]