What lump sum contribution made now into a deferred annuity scheme will provide to a 20-year old
Fantastic news! We've Found the answer you've been seeking!
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 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
Expert Answer:
Posted Date:
Students also viewed these finance questions
-
Question: Old MathJax webview Old MathJax webview i need ans of these question but the source is alot Old MathJax webviewOld MathJax webview i need ans of these question but the source is alot these...
-
1 $5,000.00 deposited in an account earning 6.5%, for 8 years. Calculate the balance in 8 years. a. 8,274.98 b. 8,752.83 c. 8,917.39 d 9,235.36 A firm has net sales of $5,700,000, Cost of Goods Sold...
-
1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...
-
Starting on January 1, 2024, you put $125 every month into an account with an APR of 4.10%. Your last payment is on December 1, 2032. On January 1 of that year, the balance in the account, rounded to...
-
Assume the same facts as PA10-7, except that Surreal uses the simplified effective-interest bond amortization method, as shown in chapter supplement 10C. Info PA10-7 On January 1, 2015, Surreal...
-
A motion picture industry analyst is studying movies based on epic novels. The following data were obtained for 10 Hollywood movies made in the past 5 years. Each movie was based on an epic novel....
-
When an airline flight attendant engages in self-regulation to display organizationally desired emotions during his interactions with passengers, this is an example of ____________. (a) emotional...
-
According to HowtoAdvice.com, the average price charged to a customer to have a 12 by 18 wall-to-wall carpet shampoo cleaned is about $50. Suppose that a start-up carpet-cleaning company believes...
-
Lynch Company manufactures and sells a single product. The following costs were incurred during the companys first year of operations: Variable costs per unit: Manufacturing: Direct materials $ 10...
-
At December 31, Ayayai Corporation reports net income of$576,000. Prepare the entry to close net income. (List all debitentries before credit entries. Credit account titles areautomatically indente 2...
-
Egypt was at the center of the storm of the revolutionary activity among Arab nations in the Middle East in 2011-12 and beyond, the Arab Spring Uprisings. Present a factual report and analysis of the...
-
Historically the appreciation rates for different asset classes are not the same. Averaged over the past 40+ years, US stocks grew about 13.8% per year, real estate about 12.5%, foreign stock about...
-
Considering the policies advocated by classical economists, Keynesian economists, and supply-side economist and what you've learned about economic history, which approach do you think is most...
-
Capital costs for a defender are higher than the operating costs, and the annual operating costs are gradually increasing. Capital costs for a defender are less than the operating costs, and the...
-
A knowledge management systemenables organizations to create an environment where knowledge can be captured, processed, stored, and made available for people in the organization that need it. The...
-
ecent S E-F:17-18 Computing key ratios (Learning Objective 4) The financial statements of Valerie's Natural Foods include the following items: Balance Sheet: Cash Short-term Investments Net Accounts...
-
Should U.S. antidumping laws be stated in terms of average total costs or average variable costs?
-
What is the cost of net debt of a company that has no more shareholders equity equal to? And the cost of capital?
-
Is the cost of capital an accounting or financial concept?
-
What are we forgetting when we say that by increasing return on equity, the leverage effect of debt cannot increase value?
Study smarter with the SolutionInn App