Question: 1 . At the time he purchased his variable annuity, Ahmed directed $ 5 , 0 0 0 of his premium into Subaccount A when

1. At the time he purchased his variable annuity, Ahmed directed $5,000 of his premium into Subaccount A when the unit value was $10. A year later, the unit value had increased to $15. Assuming he made no additional premium deposits, what is the value of Ahmeds investment in Subaccount A now?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Consider a company that leases a fleet of aircraft for passenger service. Because the planes often fly with room in the cargo area, the company adds a new business shipping timesensitive freight. The...

Q:

UOL Maps News Cloud 3 od. laddering 26. Nick is receiving quarterly income payments from his variable annuity. At the time he annuitized, his contract's accumulated value was $200,000, and the AIR...

Q:

Dan purchased a fixed annuity from Excellent Life Insurance Company, naming his wife, Kathy, as annuitant and his daughter, Jessica, as beneficiary. Who controls the contract? (Search Chapter 1) a....

Q:

Exam\ Review Exam\ Text Size:\ A A A\ 1-10\ 11-20 \ 21-25\ 11. At the time he purchased his variable annuity, Ahmed directed $5,000 of his premium into Subaccount A when the unit value was $10 . A...

Q:

Exam\ Review Exam\ Text Size:\ A A A\ 1-10\ 11-20 \ 21-25\ 11. At the time he purchased his variable annuity, Ahmed directed $5,000 of his premium into Subaccount A when the unit value was $10 . A...

Q:

Exam\ Review Exam\ Text Size:\ A A A\ 1-10\ 11-20 \ 21-25\ 11. At the time he purchased his variable annuity, Ahmed directed $5,000 of his premium into Subaccount A when the unit value was $10 . A...

Q:

16. At the time he purchased his variable annuity, Ahmed directed $5,000 of his premium into Subaccount A when the unit value was $10. A year later, the unit value had increased to $15. Assuming he...

Q:

At the time he purchased his variable annuity, Ahmed directed $ 5 , 0 0 0 of his premium into Subaccount A when the unit value was $ 1 0 . A year later, the unit value had increased to $ 1 5 ....

Q:

15. At the time he purchased his variable annuity, Ahmed directed $5,000 of his premium into Subaccount A when the unit value was $10. A year later, the unit value had increased to $15. Assuming he...

Q:

At the time he purchased his variable annuity, Ahmed directed $5,000 of his premium into Subaccount A when the unit value was $10. A year later, the unit value had increased to $15. Assuming he made...

Q:

Lila invested $10,000 in one of Long Life Insurance Company's annuity contracts. When issued, the contract was paying a 5 percent rate of return. Two years later, Long Life increased this rate to 7...

Q:

Summarize what is discussed in each of the following sections of Circular 230: a. Subpart B, 10.33 b. Subpart B, 10.35 c. Subpart B, 10.36 d. Subpart B, 10.37

Q:

A positive charged dielectric has a charge of 2 coulombs and if 12.5*10 18 free electronics are added to it now calculate the net charge on this dielectric ?

Q:

The cards show one term from two different sequences. Which card has the greater value, A or B? Show your working. A 12th term in the sequence B 7th term in the sequence. nth term is 8n-4 nth term is...

Q:

The Lehman Brothers Bankruptcy 1.How does management operate in a crisis, especially when choosing between options that are all unfavorable? 2.Did Lehman have appropriate corporate governance...