Question A life aged 50 purchases a ten-year temporary life annuity of 1 payable at...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Question A life aged 50 purchases a ten-year temporary life annuity of 1 payable at the beginning of each year if he is alive. You are given that i = 0.06 and A 50:10 = 0.5713 Calculate the actuarial present value of this annuity Possible Answers 6.5 but 8.5
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
