An insurer Sells 6-year temporary life armuities - due of $14,000 per year to 250 lives each age 40. The annual etfective interest rate is 7% Cumui ative Probabilites fort 48-X-t 48-X years for (x) What is the probabilitiy thect the insurer Will pay out more than $ I5, 300,000 in COnnection with this business?

Q: For a fully discrete 20-year term insurance of 100,000 on (35), you are given: i. Annual gross…

A: Given: Annual premium (P) = 200 Age at 18th policy year  = 35 +18 = 53 Expenses = 0.05P + 25…

Q: 9. You deposit $2,000 each year in axo an individual retirement account CIRA) paying 7% interest…

A:

Q: 6. A deposit of $1000 is made to an account that accrues interest compounded continuously. After 14…

A: Step 1: Define the formula for continuous compounding The value of an account that is continuously…

Q: What simple interest rate is necessary for $10,000 to earn $100 interest in 15 months? If A(4) =…

A: Therefore, the simple interest rate necessary for $10,000 to earn $100 interest in 15 months is 0.1%…

Q: 21. Suppose that you invest $5,178 in an account that earns interest at an APR of 4.1% compounded…

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Q: If $9,000 is invested at 9.5% compounded continuously, find the future value after 6 years. (Round…

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Suppose Jane borrows $2000 at an interest rate of 16% compounded each year. Assume that no payments…

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Q: How long does it take to increase 40% of original principal at 4% compounded monthly?

A: Solving the problem by finding the time in years.

Q: Liabilities for your project are $120,000, and assets are only $100,000.   What is the Working…

A: Working capital ratio is the ratio of assets and liabilities.

Q: Question 12 Vivian and Benjamin plan to send their son to university. To pay for this they will…

A:

Q: Chapter 9.4, Question 8 What single payment today would replace a payment of $5000 in one year and…

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Q: 4. P200,000 was deposited at an interest rate of 24% compounded semi annualy After how many years…

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Q: .A man borrows Rs 8160 from a finance company and has to return it in two equal annual instalments.…

A: Installment = [P x R x (1+R)N]/[(1+R)N-1] where P stands for the loan amount or principal, R is the…

Q: 4. What is the simple interest on N450 for 4 years at 4'/,% A. N71 B. N81 C. N91 D. N101 E. N111

A: Given information P=N450 R=412%=92% And T=4 years We have to find the simple interest. The formula…

Q: Extra #2. For a fully discrete whole life insurance on 1000 on the select life [60] (a) Ultimate…

A: To calculate the net premium policy value at the end of year 5 for this insurance, we need to use a…

Q: Calculate what amount he will have on this deposit after three years

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Q: 2. An insurance company uses the model above to calculate premiums for a special T-year term life…

A: (ii) Calculating the policy value at different time points:The policy value at time 𝑡 in state 𝑂…

Q: An investor is considering investing into the shares of a start-up company. The investor's approach…

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Q: If you put $3200 in a savings account that pays 1.6% a year compounded continuously, how much will…

A: Given: Principal amount = $3200 Interest rate = 1.6% = 0.016 time = 4 years

Q: Create a compound interest problem and show how to solve it

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Q: 2. David, who plans to go to university in 4 years, estimates that he will need $40 000. He is…

A: David, who plans to go to university in 4 years, estimates that he will need $40000. He is…

Q: a) Rani invests RM X every six months into a fund that pays 12% compounded semi- annually. Find the…

A: Future value of ordinary annuity FV=R1+in-1i Where R is periodic payment, n is total period and  i…

Q: How long would it take for an investor to double his money at 10% interest per year, compounded…

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Q: 13. How long will an amount of P50,000 gain a simple interest of P10,000 at 4% per annum?

A: Principal : 50,000 Interest amount : 10,000 Rate = 4%=0.04

Q: If the interest is compounded quarterly the borrower owes (1-2) at the end of year Where a is…

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Q: A stock who just declared a dividend of ₱2/share is currently valued at ₱60/share. The firm is…

A: Sol:- To calculate the assumed rate for the firm, we can use the dividend discount model, which…

Q: Now if you earn $10 at the beginning of each month for 10 years, you will have 1200 dollars when…

A: Calculating this value in calculator: PV=10×0.010.7006196​PV=700.6196The total buying power after 10…