Path Zero Term
ProvedActuarialAnnuities.path_zero_termactuarial-scienceannuity-cashflowdurationsingle-life-annuities
No payments can occur under a zero-duration annuity.
Mathematical relation:
Timing and admissibility conditions are the exact conditions of the declaration. Cash amounts are per instalment and present values are at valuation time zero.
Preamble
import Mathlib.Data.Real.Basic import Mathlib.Algebra.BigOperators.Group.Finset.Basic import Definitions.Def_actuarial_bPathPV
Formal statement
namespace ActuarialAnnuities theorem path_zero_term (h a g delta k : ℕ) (v : ℝ) (b : ℕ → ℝ) : bPathPV h a 0 g delta v b k = 0 := by sorry end ActuarialAnnuities
Source
Original derived finite-cashflow result, contextual source page 157, Deferred annuities (Chapter 5, section 5.8). D. C. M. Dickson, M. R. Hardy and H. R. Waters (2020), Actuarial Mathematics for Life Contingent Risks, third edition, Cambridge University Press. https://www.cambridge.org/highereducation/books/actuarial-mathematics-for-life-contingent-risks/281DA4E8D523A6B23280ADC3D165AFDA/contents/4EB4E907782E2CD9CF0447D8F5DF1F6E. The cited page identifies the surrounding topic, not a numbered theorem with this exact Lean signature.
Human review
Confirmed by the mission captain (proposal self-audit).
Confirmed by the moderator at approval.