n 1) (7 marks) Use the following information to answer this question i = 5% X nE50 50 14.0453 100.5509 7.8179 60 11.3041 11 0.5159 8.3688 61 11.0032 15 0.3895 10.2361 so soci a) (2 marks) A person aged 50 pays $500,000 to purchase a whole life annuity that pays $R at the beginning of each year. The first 10 payments are guaranteed. Calculate $R. b) (5 marks) (50) purchases a five-year life annuity that provides for payments of $3,000 every two months, with the first payment to be made at age 60. What is the Net Single Premium (NSP) for this annuity? n 1) (7 marks) Use the following information to answer this question i = 5% X nE50 50 14.0453 100.5509 7.8179 60 11.3041 11 0.5159 8.3688 61 11.0032 15 0.3895 10.2361 so soci a) (2 marks) A person aged 50 pays $500,000 to purchase a whole life annuity that pays $R at the beginning of each year. The first 10 payments are guaranteed. Calculate $R. b) (5 marks) (50) purchases a five-year life annuity that provides for payments of $3,000 every two months, with the first payment to be made at age 60. What is the Net Single Premium (NSP) for this annuity