Examlex
Instructions: Please define the following key terms.
-Mohandas Karamchand Gandhi
Actuarial Calculations
The mathematical analysis performed by actuaries to calculate risks, premiums, life expectancies, and pension contributions, based on statistical data.
Assumed Investment Rate
The hypothesized annual rate of return expected from an investment used in financial planning and projections.
Annuity Cost
The initial sum paid or the series of periodic payments required to obtain an annuity.
Return On Investment
A measure used to evaluate the efficiency of an investment, calculated by dividing the benefit (return) of an investment by its cost.
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