User Account

All Pages

Calculate premium value

Assignment Help Financial Accounting
Reference no: EM133011517

Problem 1: Today is January 1 2021, Jackson will use a single premium to purchase an annuity today. This annuity pays 10,000 at the end of each year while Jackson is alive. The estimated probability of Jackson surviving for the next 4 years is stated in following table. The yield rate is assumed to be j1 = 3.71% p.a. Calculate premium value. Round your answers to three decimal places.

year       Probability of surviving from start of year to end of year
1                       0.73
2                       0.62
3                        0.37
4                           0

a. 17200.000

b. 15991.425

c. 16120.166

d. 12748.089

 

Reference no: EM133011517

Questions Cloud

What is purchase price for henry : If Henry purchased this bond on 6 March 2020, what is purchase price (rounded to four decimal places)? Assume a yield rate of 3.12% p.a. compounded half-yearly.
What was the depreciation expense for the asset : The equipment cost $60,000 and has an estimated life of 8 years and a salvage value of $8,000. What was the depreciation expense for the asset
Calculate the purchase price for one unit of corporate bond : Calculate the purchase price for 1 unit of this corporate bond. Today is 1 July 2021, William plans to purchase a corporate bond
Explain the multiple roles that budgeting plays : Explain multiple roles that budgeting plays in an organisation and provide specific examples with reference to a company operating in the grocery retail sector
Calculate premium value : Calculate premium value. Today is January 1 2021, Jackson will use a single premium to purchase an annuity today. Annuity pays 10,000 at the end of each year
What are the equivalent units of production for conversion : In May, the company started 445,300 and completed 427,500 units. What are the equivalent units of production for conversion
Determine the unit cost showing computations : Determine the unit cost showing computations. During the month of September, an order (Job X2) by a customer comprised 5,000 units of the product.
Discuss the firm corporate governance : Discuss the firm's corporate governance and ownership structure and provide suggestions on how to improve
Find what rate of return will slashtastic earn on new model : Find what rate of return will Slashtastic earn on the new model? Saul Hubson has a novel idea to embed diodes into his new model of electric guitars.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd