A GIF

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The dynamic graph shows values of (ANN~FACTOR) plotted against the reduction factor (RED) and age, where for plotting purposes we use a common age (x=y). The graph shows the dynamic effect over interest rate (i) ranging from 0 to 20%. The graph shows that it is difficult to provide a general interpretation for the factor as a function of the reduction percentage and age. However, as the interest rate (i) increases, the factor approaches one for all values of the reduction percentage and age.

JointLifeAnimation1

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