Question: I give a quick thumbs up for a quick and correct answer! There is no further information given for the question A life age (30)
A life age (30) has a choice between one of three payouts, each one having the same actuarial present value: i) A single payout of $45,000. 11) Equal payments of $3,000 paid at the beginning of the year while alive. ill) Annual payments of $2,000 paid at the beginning of each year through age 39 and annual payments of $3,875 at the beginning of each year at age 40 and beyond if alive. Calculate the actuarial present value of a 9-year temporary life annuity-immediate of $5,000 issued to (30). A life age (30) has a choice between one of three payouts, each one having the same actuarial present value: i) A single payout of $45,000. 11) Equal payments of $3,000 paid at the beginning of the year while alive. ill) Annual payments of $2,000 paid at the beginning of each year through age 39 and annual payments of $3,875 at the beginning of each year at age 40 and beyond if alive. Calculate the actuarial present value of a 9-year temporary life annuity-immediate of $5,000 issued to (30)
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