Question: What lump sum contribution made now into a deferred annuity scheme will provide to a 20-year old male annual payments of RM1,200 commencing immediately at

What lump sum contribution made now into a deferred annuity scheme will provide to a 20-year old male annual payments of RM1,200 commencing immediately at age 55 for the next 20 years, if the fund under such scheme earns 6% p.a. rate of interest throughout?

A. RM1,790 B. RM1,898 C. RM2,006 D. RM2,122

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