Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculate the variance of the present value of a 2 0 - year temporary anmuity of Ksh 5 , 0 0 0 p . a

Calculate the variance of the present value of a 20-year temporary anmuity of Ksh 5,000 p.a., payable at the end of each year, issued to a life aged 44 exact. Mortality follows AM92 Ultimate, and interest is 4% pa effective.
Select one:
58517886.58
56739118.71
59406775.47
55628007.82
57628997.69
image text in transcribed

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

Auditing And Assurance Services

Authors: Alvin Arens, Randal Elder, Mark Beasley

14th Edition

1256560812, 9781256560814

More Books

Students also viewed these Accounting questions

Question

Fixed dollar match: 75 cents per each $1 employee contribution.

Answered: 1 week ago