answer 75.82

10. 100 individuals at: age 25 each contributes an amount x, to a friend that will accumdate with interest for the next 40 years. When the survivors reach age 65 the fund will be divided equally among the survivors and each survivor will then purchase life arinseity with his/her portion of the fiend. The annuity with pay 100 at the beginning of each year for the rest of each survivor's life. The first payment to earch annuitant will be made immediately after the single premium payment at age 65. Assume independent lives. You are given a 65. = 8.897, i = = 8:897, = -6% 7. 4025 = 0.788. Determine x, each individual's initial deposit at 25. 10. 100 individuals at: age 25 each contributes an amount x, to a friend that will accumdate with interest for the next 40 years. When the survivors reach age 65 the fund will be divided equally among the survivors and each survivor will then purchase life arinseity with his/her portion of the fiend. The annuity with pay 100 at the beginning of each year for the rest of each survivor's life. The first payment to earch annuitant will be made immediately after the single premium payment at age 65. Assume independent lives. You are given a 65. = 8.897, i = = 8:897, = -6% 7. 4025 = 0.788. Determine x, each individual's initial deposit at 25