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(Include calculations for any missing table values used) You are given i = 5% and the following values: X 9x 5EX 10EX 20EX 45 0.35994
(Include calculations for any missing table values used)
You are given i = 5% and the following values: X 9x 5EX 10EX 20EX 45 0.35994 50 0.60182 0.34824 55 0.77382 0.59342 0.32819 60 0.00340 0.76687 0.57864 0.29508 61 0.00379 62 0.00423 17.8162 17.0245 16.0599 14.9041 8.0751 8.0550 8.0192 7.9555 a) (4 marks) A person aged 63 purchases a whole life annuity paying $24,000 at the end of each year. What is the net single premium (NSP) of this annuity? You are given i = 5% and the following values: X 9x 5EX 10EX 20EX 45 0.35994 50 0.60182 0.34824 55 0.77382 0.59342 0.32819 60 0.00340 0.76687 0.57864 0.29508 61 0.00379 62 0.00423 17.8162 17.0245 16.0599 14.9041 8.0751 8.0550 8.0192 7.9555 a) (4 marks) A person aged 63 purchases a whole life annuity paying $24,000 at the end of each year. What is the net single premium (NSP) of this annuityStep by Step Solution
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Finance For IT Decision Makers
Authors: Michael Blackstaff
3rd Edition
1780171226, 978-1780171227
