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 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
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