aduating from school, Ahmet, 30 years old, wants to make a retirement plan for his future with the 50000 money his father gave him for graduation. In this retirement planning, he wants to pay the plan's payments in cash, the amount his father gave him, and pay the rest in 20 equal annual installments. In the pension plan, the retirement age is set at 70. He wants 300000 TL retirement bonus in the year he retires, 200000 TL death guarantee for life after retirement, and also 25000 TL pension for 10 years at the beginning of each year in his retirement. Interest rate is 6% and according to 1958 CSO Mortality table 1. Write the actuarial equivalence formula 2. Find the annual pre
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
After graduating from school, Ahmet, 30 years old, wants to make a retirement plan for his future with the 50000 money his father gave him for graduation. In this retirement planning, he wants to pay the plan's payments in cash, the amount his father gave him, and pay the rest in 20 equal annual installments. In the pension plan, the retirement age is set at 70. He wants 300000 TL retirement bonus in the year he retires, 200000 TL death guarantee for life after retirement, and also 25000 TL pension for 10 years at the beginning of each year in his retirement. Interest rate is 6% and according to 1958 CSO Mortality table
1. Write the actuarial equivalence formula
2. Find the annual premium payments.
3. What is the 5th year end reserve of this pension plan.
4. What is the 45th year end reserve of this pension plan.
5. If Ahmet Bey gives up his current rights 5 years after his retirement and wants a plan where he will be paid a pension for only 10 years at the beginning of each year, how much would the new pension be?
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