Question: Please solve question 9 and please show work with formulas. You are given: (i) (ii) 9. For 72,000, (x) can buy a life annuity due

Please solve question 9 and please show work with formulas. You arePlease solve question 9 and please show work with formulas.

You are given: (i) (ii) 9. For 72,000, (x) can buy a life annuity due that pays 4,000 a year. For 80,000, (r) can buy a life annuity due that pays 3,000 a year for the first 20 years and 6,000 a year thereafter. Calculate the present value of a 20-year temporary life annuity due that pays 5,000 a year. 10. A person aged 25 purchases a life annuity due that pays $2 at 1-0, $4 at 1-1, $6 at 2, $8 at 1 = 3, and 10 each year thereafter. You are given: (ii) a,o=15.8 (iii) 0.05 (iv) ross(0.9)" Find the actuarial present value of this annuity. You are given: (i) (ii) 9. For 72,000, (x) can buy a life annuity due that pays 4,000 a year. For 80,000, (r) can buy a life annuity due that pays 3,000 a year for the first 20 years and 6,000 a year thereafter. Calculate the present value of a 20-year temporary life annuity due that pays 5,000 a year. 10. A person aged 25 purchases a life annuity due that pays $2 at 1-0, $4 at 1-1, $6 at 2, $8 at 1 = 3, and 10 each year thereafter. You are given: (ii) a,o=15.8 (iii) 0.05 (iv) ross(0.9)" Find the actuarial present value of this annuity

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 Finance Questions!