FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

#3: You are given the following select and ultimate table. If A78=0.94, and the force of interest is =9%, find the APV of a $400,000

image text in transcribed
\#3: You are given the following select and ultimate table. If A78=0.94, and the force of interest is =9%, find the APV of a $400,000 discrete whole life insurance policy payout on a 74-year-old who was approved for insurance last year. (paid at the end of the year of death) Problem *3: answer correct to the nearest dollar

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

High Frequency Financial Econometrics

High Frequency Financial Econometrics

Authors: Yacine Aït Sahalia, Jean Jacod

1st Edition

0691161437, 978-0691161433

More Books

Students also viewed these Finance questions

Question

★★★★★
Design a PID controller for the capstan-slide system. The percent overshoot should be less than 3% and the settling time should be (with a 2% criterion) less than 250 ms for a step input r{t)....

Answered: 1 week ago

Question

★★★★★
5. Briefly discuss the major causes of income inequality. What factors have contributed to greater income inequality since 1970? LO2,3

Answered: 1 week ago

Question

★★★★★
=+1. Name and explain four characteristics that allow the nervous system to direct human behavior.

Answered: 1 week ago

Question

★★★★★
Assume that the risk-free rate is 6% and the expected return on the market is 13%. What is the required rate of return on a stock with a beta of 0.7?

Answered: 1 week ago

Question

★★★★★
\#3: You are given the following select and ultimate table. If A78=0.94, and the force of interest is =9%, find the APV of a $400,000 discrete whole life insurance policy payout on a 74-year-old who...

Answered: 1 week ago

Question

★★★★★
When a particle is dropped vertically on a surface it bounces back to 25% of its original height. When it's thrown at an angle with certain speed it falls 10m away and keeps on bouncing. Total...

Answered: 1 week ago

Question

★★★★★
To which QoS policy action is the RADIUS attribute format "bw-rpct" equivalent? bandwidth bandwidth percentage bandwidth remaining percent bandwidth allowed

Answered: 1 week ago

Question

★★★★★
Heidi has been a client for some years, operating a traditional retail business. She has now made the decision to operate online as well and seeks your advice as to undertaking online transactions....

Answered: 1 week ago

Question

★★★★★
In late 2018, Mike was approached by a representative of a company called Cycle Tech Inc. (CTI) and asked if he would be interested in incorporating its proprietary technology, CycleScape, into PHL's...

Answered: 1 week ago

Question

★★★★★
NAPSTER'S REVOLUTION Eighteen - year old Shawn "NAPSTER" Fanning, then a freshman at Northeastern University, dropped out of school and founded Napster Inc. (website was at w.w.w.napster.com) in San...

Answered: 1 week ago

Question

★★★★★
The following statements were printed in journal articles in the field of psychology. Explain to a person who is unfamiliar with the concept of confidence intervals what each statement means. "The...

Answered: 1 week ago

Question

★★★★★
2. Read up on the history of some influential but now defunct music group (such as the Beatles, Nirvana, or Public Enemy). Did the group go through all the stages of group development outlined in...

Answered: 1 week ago

Question

★★★★★
Evaluating Group Performance?

Answered: 1 week ago

Question

★★★★★
6. The Challenger disaster is a classic example of groupthink. Run an Internet search on groupthink, and find other historical examples. Have any of these occurred in your lifetime? How are they...

Answered: 1 week ago

Previous Question Next Question