Question: answer with explanation A special continuous joint life annuity provides annuity payments of 30,000 per year while both (3:) and (y) are alive and 10,000

answer with explanation

A special continuous joint life annuity provides annuity payments of 30,000 per year while both (3:) and (y) are alive and 10,000 per year when only one is alive. The annuity also pays a death benet of 50,000 upon the rst death. Given 2' = 0.05, an, : 12 and PIE 2 15. Determine the actuarial present value of this annuity. (6 marks)

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 Mathematics Questions!

please answer the questions below Exercise 10.8 and Ch 9 Comprehension question 5 ACCT 3321 Financial Accounting Theory and Practice Select solutions to Week 6 workshop: Leases Chapter 10,...

I need these questions asked using the scenarios listed on the pdf attached, regarding tax questions. This is pretty much exactly like my test so it will help me study tremendously. Advanced Course...

Please anser tax questions for scenarios 1-4 on pages 1-4 on the provided file. Shouldn't take long only like 10 questions Advanced Course Scenarios and Test Questions Directions The first four...

The attached document, found on Course Hero, has only answers for the first two scenarios. Can you provide answers for the remaning questions? Advanced Course Scenarios and Test Questions Directions...

I need answers for advanced scenario 6, 7, and 8 !!! PLEASE HELPPPPPP Advanced Course Scenarios and Test Questions Directions The first four scenarios do not require you to prepare a tax return. Read...

Refer to the attachment. Clear explanations. 6 A 17-year with-profits endowment assurance is issued to a life aged exactly 48, having a basic guaranteed sum assured of 25,000. The sum assured plus...

given the provided information, find the emergency fund ratio Dorian and Sophia Nikolas are new financial planning clients who have come to you for help with their cash and debt management, education...

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Answer the following microeconomics questions clearly with explanation Example 6.8 Calculate the gross single premium for a deferred annuity of $80 000 per year payable monthly in advance, issued to...

In Section 19-10B, we saw that pyridine undergoes electrophilic aromatic substitution reluctantly, requiring strong conditions and giving disappointing yields. In contrast, pyridine N-oxide undergoes...

a. Define Lifting Condensation Level for a parcel of air. b. Consider a parcel of air of temperature 30C at sea level with dew point temperature of 18.5C. Derive the lifting condenstation level (LCL)...

Jason Traders has sales of $918,793, a gross profit margin of 33.47 percent, and inventory of $189,660. What is the company's inventory turnover ratio? Round the answer to two decimals. Your

Question 2 8 2 pts Inversion Specialists, Inc., is relatively new in the industry and has calculated its inventory turnover at 5 . What action would result in Inversion Specialists, Inc. reducing...

3. Lets assume that you have been hired to study the series of mix-ups that involved personnel employed by Automatic Elevator, Cardinal Health, and Duke Hospitals; propose your recommendation that...

2. If you decide to create your own brand, what personal qualities will give you greater visibility, recognition, and acceptance in the labor market? These qualities should send the message, Pick me;...

3. Self-awareness is very important. As we get to know ourselves, we can identify barriers to acceptance by others. Once you have identified your most preferred communication style, you have taken a...