Question
For this question you are given that i = 5% and the following temporary and whole life annuity due factors: 40:20| = 12.9935 40 =
For this question you are given that i = 5% and the following temporary and whole life annuity due factors:
40:20| = 12.9935 40 = 18.4578
A whole life annuity due pays $R a year, with the first 20 payments guaranteed. It is issued to (40).
If the net single premium is $200,000, what is the value of R? (to nearest dollar)
- A.
$10,836
- B.
$10,782
- C.
$ 7,669
- D.
$11,157
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
1285868781, 978-1285868783
