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 B$3,200 but < $3,400 c≥ $3,400 but < $3,600 D2 $3,600 but < $3,800 E ≥ $3,800

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