A 70-year-old man can purchase either of the following annuities for the same price from a life
Question:
Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 78% (14 reviews)
The economic value of each annuity is the present value of the payments discounted ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
A 60-year-old woman can purchase either of the following annuities from a life insurance company for $50,000. A 30-year term annuity will pay $367 at the end of each month. A life annuity will pay...
-
A 65-year-old male can purchase either of the following annuities from a life insurance company for $50,000. A 25-year term annuity will pay $307 at the end of each month. A life annuity will pay...
-
People who suffer from mange can purchase either of two cures: Mange-Away, which is made in the United States and sold by producers who have an upward-sloping supply curve, or Look-Ma-No-Mange, which...
-
An article in Sociological Methods & Research (May 2001) analyzed the data presented in the accompanying table. A sample of 262 Kansas pig farmers was classified according to their education level...
-
Pinware Wholesalers Inc. (Pinware) imports high quality goods from select European countries. On May 1, 20X3, Pinware purchased Swiss watches from a supplier in Switzerland for 400,000 Swiss francs...
-
Epsilon Corporation, which does not qualify as a small business corporation, incurred a $10 mill ion NOL in the current year. It expects to earn relatively low amounts of net income for the next...
-
A system consists of 6 components connected as in Figure 16.3. Find the overall reliability of the system, given that the reliabilities of \(A, B, C, D, E\), and \(F\) are, respectively,...
-
Pletcher Dental Clinic is a medium-sized dental service specializing in family dental care. The clinic is currently preparing the master budget for the first 2 quarters of 2017. All that remains in...
-
Assume that at the beginning of the process, 60% of the materials go into production and 40% go into production when the process is 50% completed. The beginning WIP consists of 2000 units, 25%...
-
It has been suggested that people who reach top management positions (chief executive officers, chief financial officers, etc.) are, on average, taller than those people who stay at mid level...
-
a. How long will it take monthly payments of $600 to repay a $65,000 loan if the interest rate on the loan is 9.5% compounded semiannually? b. How much will the time to repay the loan be reduced if...
-
Noreens RRSP is currently worth $125,000. She plans to contribute for 10 more years and then let the plan continue to grow through internal earnings for an additional 5 years. If the RRSP earns 8%...
-
Working in small self-selected groups, individually answer the following questions honestly. If necessary think how you would be likely to behave in the given situation. Then compare and discuss...
-
As was shared by the doctor, it is not unusual for a customer to experience skepticism and doubt about the pricing, timing, supplier, need, and/or product solution during the sales process....
-
Research for this chapters Adaptive Selling Today Training Video revealed that anger does surface during the sales presentation and can be very challenging to negotiate. Anger can be something the...
-
You have been hired to design a sampling procedure for testing a new antiacne drug. One hundred people will be used in the study: half will receive the new drug, and half will receive the standard...
-
Buyers remorse was explained in Chapter 14 . It is a common response customers have after making an important purchase. You are a salesperson who has been very successful selling cars to young...
-
Using your search engine, examine the Internet for information on customer satisfaction. Type in customer satisfaction + selling. Are you surprised by the number of queries on this subject? Examine...
-
Find the slope of the graph of the function at the given point. f(x) = 3 x 2 1, (3, 2)
-
An item of depreciable machinery was acquired on 1 July 2009 for $120,000 by cash It is expected to have a useful life of 10 years and zero salvage value On 1 July 2012, it was decided to revalue the...
-
How are financial accountants challenged in their work to make ethical decisions? Is technical mastery of GAAP not sufficient to the practice of financial accounting?
-
Financial Accounting) Omar Morena has recently completed his first year of studying accounting. His instructor for next semester has indicated that the primary focus will be the area of financial...
-
(Objectives of Financial Reporting) Karen Sepan, a recent graduate of the local state university, is presently employed by a large manufacturing company. She has been asked by Jose Martinez,...
-
Inflation in the United States is 2% per year and in Australia, it is 3% per year. The nominal interest rate in Australia is 6%. What does the Fisher effect predict the nominal interest rate in the...
-
Johnny's Lunches is considering purchasing a new, energy-efficient grill. The grill will cost $31,000 and will be depreciated straight-line over 10 years to a salvage value of zero. The grill will...
-
John wants to "roll in" or finance the loan fee of $3,800 into the loan amount which would make the loan $90,800 and the interest rate is 6%. Assume that the lender agrees to allow the loan fees to...
Study smarter with the SolutionInn App