Today is January 1 2021, Jackson will use a single premium to purchase an annuity today....
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Today is January 1 2021, Jackson will use a single premium to purchase an annuity today. This annuity pays 10,000 at the end of each year while Jackson is alive. The estimated probability of Jackson surviving for the next 4 years is stated in following table. The yield rate is assumed to be j = 4.26% p.a. Calculate premium value. Round your answers to three decimal places. Year Probability of surviving from start of year to end of year 1 0.85 2 0.66 3 0.39 4 0 a. 17479.063 b. 19000.000 O c. 17665.582 O d. 15244.139 Today is January 1 2021, Jackson will use a single premium to purchase an annuity today. This annuity pays 10,000 at the end of each year while Jackson is alive. The estimated probability of Jackson surviving for the next 4 years is stated in following table. The yield rate is assumed to be j = 4.26% p.a. Calculate premium value. Round your answers to three decimal places. Year Probability of surviving from start of year to end of year 1 0.85 2 0.66 3 0.39 4 0 a. 17479.063 b. 19000.000 O c. 17665.582 O d. 15244.139
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