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Explain, please. Do NOT use excel. The answer must be one of the multiple choices. 2. (SOA) You are given: (i) the present value of
Explain, please. Do NOT use excel. The answer must be one of the multiple choices.
2. (SOA) You are given: (i) the present value of an annuity-due that pays 300 every 6 months during the first 15 years and 200 every 6 months during the second 15 years is 6000 ; (ii) the present value of a 15-year deferred annuity-due that pays 350 every 6 months for 15 years is 1580 ; and (iii) the present value of an annuity-due that pays 100 every 6 months during the first 15 years and 200 every 6 months during the next 15 years is X. The same interest rate is used in all calculations. Determine X. A) 2302 - B) 2402 C) 2502 D) 2602 E) 2702 2. (SOA) You are given: (i) the present value of an annuity-due that pays 300 every 6 months during the first 15 years and 200 every 6 months during the second 15 years is 6000 ; (ii) the present value of a 15-year deferred annuity-due that pays 350 every 6 months for 15 years is 1580 ; and (iii) the present value of an annuity-due that pays 100 every 6 months during the first 15 years and 200 every 6 months during the next 15 years is X. The same interest rate is used in all calculations. Determine X. A) 2302 - B) 2402 C) 2502 D) 2602 E) 2702Step by Step Solution
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