Question Adik and Abang each purchase both a life annuity and a whole life insurance policy on January 1, 1980. Each annuity pays $100 per year commencing on January 1, 1981. The actuarial present value for the annuity is $1.300 for Abang and $1,370 for Adik. Each insurance policy provides $10,000 payable at the end of the year of death. The actuarial present value for the insurance policy is $3,000 for Adik Abang is one year older than Adik. Within which of the following ranges is the actuarial present value for Abang? Possible Answers A $3,200 but $3,400 but $3,600 but $3,800 Question Adik and Abang each purchase both a life annuity and a whole life insurance policy on January 1, 1980. Each annuity pays $100 per year commencing on January 1, 1981. The actuarial present value for the annuity is $1.300 for Abang and $1,370 for Adik. Each insurance policy provides $10,000 payable at the end of the year of death. The actuarial present value for the insurance policy is $3,000 for Adik Abang is one year older than Adik. Within which of the following ranges is the actuarial present value for Abang? Possible Answers A $3,200 but $3,400 but $3,600 but $3,800