Question
12. Calculate the following questions. A. present value of $50,000 to be received at the end of 10 years, assuming 6 percent interest. B. future
12. Calculate the following questions.
A. present value of $50,000 to be received at the end of 10 years, assuming 6 percent interest.
B. future value of an annuity due of $15,000 per year for 25 years at 4 percent interest.
C. present value of an ordinary annuity of $30,000 per year for 30 years at 5.5 interest.
D. present value of an annuity due of $35,000 per year for 22 years at 5 percent interest.
E. future value of $150,000 to be grown by the end of 20 years, assuming 8 percent interest.
F. future value of ordinary annuity of $50,000 per year for 25 years at 7 percent interest.
13. Assuming an interest rate of 6.5 percent, and using 2017 CSO mortality table, calculate the present value of expected claim costs for a one-year term policy with a $750,000 death benefit for a 55-year-old male.
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