2. A reversionary annuity pays a continuous benefit at a rate of 100 per year to...
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2. A reversionary annuity pays a continuous benefit at a rate of 100 per year to (50) upon the death of (60) provided that (50) is alive. You are given: (i) (50) and (60) are independent (ii) μso(t) = 0.03 (iii) 60(t) = 0.05 (iv) 8 = 0.04 THE 1 Calculate the actuarial present value of this reversionary annuity. A. 585.24 B. 595.24 C. 605.24 D. 615.24 E. 625.24 2. A reversionary annuity pays a continuous benefit at a rate of 100 per year to (50) upon the death of (60) provided that (50) is alive. You are given: (i) (50) and (60) are independent (ii) μso(t) = 0.03 (iii) 60(t) = 0.05 (iv) 8 = 0.04 THE 1 Calculate the actuarial present value of this reversionary annuity. A. 585.24 B. 595.24 C. 605.24 D. 615.24 E. 625.24
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Related Book For
Business Logistics Supply Chain Management
ISBN: 978-0130661845
5th edition
Authors: Ronald H. Ballou
Posted Date:
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