Today is January 1, 2022. Roy will use a single premium to purchase an annuity today....
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Today is January 1, 2022. Roy will use a single premium to purchase an annuity today. This annuity pays $10,000 at the end of each year while Roy is alive. The estimated probability of Roy surviving for the next 4 years is stated in following table. The yield rate is assumed to be j₁ = 6.5% p.a. Calculate the premium value. Round your answer to three decimal places. Year 1 2 3 4 Probability of surviving from start of year to end of year 0.96 0.65 0.5 0 O a. $18884.115 O b. $18603.011 O c. $17098.528 O d. $21100.000 Today is January 1, 2022. Roy will use a single premium to purchase an annuity today. This annuity pays $10,000 at the end of each year while Roy is alive. The estimated probability of Roy surviving for the next 4 years is stated in following table. The yield rate is assumed to be j₁ = 6.5% p.a. Calculate the premium value. Round your answer to three decimal places. Year 1 2 3 4 Probability of surviving from start of year to end of year 0.96 0.65 0.5 0 O a. $18884.115 O b. $18603.011 O c. $17098.528 O d. $21100.000 Today is January 1, 2022. Roy will use a single premium to purchase an annuity today. This annuity pays $10,000 at the end of each year while Roy is alive. The estimated probability of Roy surviving for the next 4 years is stated in following table. The yield rate is assumed to be j₁ = 6.5% p.a. Calculate the premium value. Round your answer to three decimal places. Year 1 2 3 4 Probability of surviving from start of year to end of year 0.96 0.65 0.5 0 O a. $18884.115 O b. $18603.011 O c. $17098.528 O d. $21100.000 Today is January 1, 2022. Roy will use a single premium to purchase an annuity today. This annuity pays $10,000 at the end of each year while Roy is alive. The estimated probability of Roy surviving for the next 4 years is stated in following table. The yield rate is assumed to be j₁ = 6.5% p.a. Calculate the premium value. Round your answer to three decimal places. Year 1 2 3 4 Probability of surviving from start of year to end of year 0.96 0.65 0.5 0 O a. $18884.115 O b. $18603.011 O c. $17098.528 O d. $21100.000
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Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
Posted Date:
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