I am taking a course in basic life insurance, and we use this book. If you look at the bottom of page 40, they have this term called a pure endowment insurance, where it states that its present value at time 0 is:
$$PV^{e;n}=e^{-rn}I_n,$$
I really have a hard time understanding both the concept and notation, however, mostly the notation.
What does the ";" mean in the exponent? What does the P in front of V mean? (I first thought that "P" was for present value, however, V is the present value)
Hope someone can give a good explanation as I'm really struggling with this concept.