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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

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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 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 = 2.79% p.a. Calculate premium value. Round your answers to three decimal places. 1 Year Probability of surviving from start of year to end of year 0.77 0.59 3 0.49 2 4 Select one: a. 17509.349 b. 17586.798 c. 13840.410 d. 18500.000

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