Question: I give a quick thumbs up for a quick and correct answer! A special life annuity due on (40) pays $20 per year. However, it

I give a quick thumbs up for a quick and correct answer!

A special life annuity due on (40) pays $20 per year. However, it also pays an additional $4 at three months after every anniversary, $8 at six months after every anniversary, and $4 nine months after every anniversary, starting during the first year. l.e. the payment stream in the first year is 20, 4, 8, 4, and then this repeats again every year as long as the annuitant is alive. Use the Standard Ultimate Life Table to compute the actuarial present value of the annuity. A special life annuity due on (40) pays $20 per year. However, it also pays an additional $4 at three months after every anniversary, $8 at six months after every anniversary, and $4 nine months after every anniversary, starting during the first year. l.e. the payment stream in the first year is 20, 4, 8, 4, and then this repeats again every year as long as the annuitant is alive. Use the Standard Ultimate Life Table to compute the actuarial present value of the annuity

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