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ate annuity on

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 15E

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Question

100%

A special whole life immediate annuity on a life aged 45 pays an yearly amount of 5000 for the first 5 years, then 15000 for the subsequent 5 years and 10000 thereafter.

What is the EPV of this annuity.

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