Calculate the net single premium for a 5 year deferred temporary annuity which pays €2,000 each year, to be received beginning at age 68 for a person who is currently 50. Assume a rate of interest of 2% and that the premiums are forfeitable.
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![Calculate the net single premium for a 5 year
deferred temporary annuity which pays
€2,000 each year, to be received beginning at
age 68 for a person who is currently 5O.
Assume a rate of interest of 2% and that the
premiums are forfeitable.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa01782a9-b06e-405f-95e1-b0795ef3ad89%2F459a762f-bd4f-4727-ad38-95818517beb6%2Flqjirx9_processed.jpeg&w=3840&q=75)
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- A perpetuity of $1 each year, with the first payment due immediately, has a present value of $25 at an annual effective rate of i%. The owner exchanges it for another perpetuity with the first payment due immediately and subsequent payments due at two year intervals. What should the payment of the second perpetuity be, in order to keep the same interest rate, i%, and the same present value? A B с D E Less than $1.90 At least $1.90, but less than $1.94 At least $1.94, but less than $1.98 At least $1.98, but less than $2.02 $2.02 or moreFind i (the rate per period) and n (the number of periods) for the following annuity. Semiannual deposits of $3,200 are made for 99 years into an annuity that pays 7.5% compounded semiannually.Find the future value of the ordinary annuity. Interest is compounded annually, unless otherwise indicated.R = $1,000, i = 0.04, n = 13
- Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.) $1600/semiannual period for 6 years at 3.5%/year compounded semiannuallyFind the value of an ordinary annuity if payments are made in the amount of R and interest is compounded as given. R=16000 4.4% interest compounded quarterly for 15 years future value of annuity And the amount from contributions and the amount from interest.Find the future value of an annuity in 12 years if you deposit $105 at the end of each compounding period into an account paying 1.50% compounded semiannually. $ 2749.79 O $5510.80 O $496976.44 O $2709.71
- Find the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded with the same frequency as the deposit. M=$200 N=semiannually R=8% T=25A company needs to buy an annuity package that will provide a future income to an individual over a 33- year period at the following levels: £5155 paid at the end of each year for the first 17 years followed by £6757 paid at the end of each year until the end of year 33 (inclusive). Calculate in £s, to 2 decimal places, the price of this package in order to assure the required payments, given that the rate of interest during this period is: 7.8% pa effective for the first 6 years, followed by 3.2% pa effective up until year 27 (inclusive) and then 6.7% pa effective thereafter.Find the payment that should be used for the annuity due whose future value is given. Assume that the compounding period is the same as the payment period. $168, 000; monthly payments for 5 years; interest rate 3% .
- Use the ordinary annuity formula shown to the right to determine the accumulated amount in the annuity if $60 is invested semiannually for 10 years at 5.0% compounded semiannually. The accumulated amount will be A man bought an eapt casting P300k payable in 12 quarter payments with i = 24%, determine installment of payment is made: (a) at the end of each period b) at the beginning of each period What would be its corresponding future value of the annuity?Find the future value of the ordinary annuity. Interest is compounded annually, unless otherwise indicated. 2) R = $7500, i = 6% interest compounded semiannually for 3 years Please show all workings step by step.