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Today is January 12021 , Jackson will use a single premium to purchase an annuity today. This annuity pays 10,000 at the end of each

Today is January 12021 , 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=4.45% p.a. Calculate premium value. Round your answers to three decimal places. Year Probability of surviving from start of year to end of year 12340.810.650.210 a. 13551.111 b. 15307.335 c. 15555.718 d. 16700.000

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