Question: Please solve manually using formula don't use any excel shortcuts. Mrs. Lata aged 35 wanted to purchase an annuity from a life insurance company The

Please solve manually using formula don't use any excel shortcuts.

Mrs. Lata aged 35 wanted to purchase an annuity from a life insurance company The annuity would pay her Rs 70,000 until she lives. The insurance company The annuity would pay her Rs 70,000 until she lives. The insurance ecmpare expected that she would live for 35 more years and it would be willing to pay 8 percent on the annuity. How much should the insurance company ask Mrs. Lata to pay for the annuity

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