Question: QUESTION: i. John Selvester is 47 years old and is presently experiencing the good life. As a result, he anticipates that he will increase his

QUESTION:

i. John Selvester is 47 years old and is presently experiencing the good life. As a result, he anticipates that he will increase his weight at a rate of 4 percent a year. At present he weighs 250 pounds. What will he weigh at age 60? ii. Allen wishes to purchase an annuity contract that will pay him $8,000 a year for the rest of his life. The State Life Insurance Company figures that his life expectancy is 25 years, based on its actuary tables. The company imputes a compound annual interest rate of 6 percent in its annuity contracts. How much will Allen have to pay for the annuity? plz soon

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