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what is the value of Ahmed's investment in Subaccount A now? at is the value of Ah

what is the value of Ahmed's investment in Subaccount A now? at is the value of Ah

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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am. 112.

11. At the time he purchased his variable annuity, Ahmed directed $5,000 of his premium into Subaccount A when the unit value was $10. A year later, the unit value had increased to $15. Assuming he made no additional premium deposits, what is the value of Ahmed's investment in Subaccount A now? oa. $25,000 ob. $16,666 OC. $7,500 od. $8,333 A
Transcribed Image Text:11. At the time he purchased his variable annuity, Ahmed directed $5,000 of his premium into Subaccount A when the unit value was $10. A year later, the unit value had increased to $15. Assuming he made no additional premium deposits, what is the value of Ahmed's investment in Subaccount A now? oa. $25,000 ob. $16,666 OC. $7,500 od. $8,333 A
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