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I might be completely wrong. please show all work on paper. 4. Consider that the following three payment methods on a death benefit on a
I might be completely wrong. please show all work on paper.
4. Consider that the following three payment methods on a death benefit on a life insurance policy produce the same present value. oqa - One payment of $75,000 at the end of n years. 75,000 V 775,000) iz - A payment of $1000 at the end of each month for n years.1,060 a =(1,000 (1-08) 2 Perpetuity of $300 at the end of each month. (it m Calculate the present value. (A) 51,000 (B) 51,500 (C) 52,000 (D) 52,500 (E) 53,000 3000 ot (300 3000 - 1000 (1 - 1 a ) 300- lood cloton 2321-un - 75100G pu= onStep by Step Solution
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