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Today is January 1 2020, Jackson will use a single premium to purchase an annuity today. This annuity pays 10,000 at the end of each
Today is January 1 2020, Jackson will use a single premium to purchase an annuity today. This annuity pays 10,000 at the end of each year while Jackson is alive. The estimated probability of Jackson surviving for the next 4 years is stated in following table. The yield rate is assumed to be j1 = 2.54% p.a. Calculate premium value. Round your answers to three decimal places. Year Probability of surviving from start of year to end of year 1 0.77 2 0.57 3 0.25 4 0 Select one: a. 15122.044 O b. 15900.000 O c. 15249.158 O d. 12701.233
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