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  3. answer should be 25.065. 9. for a whole life ann

Answer should be 25.065. 9. For a whole life annuity-due on (40), you...

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Finance

Answer should be 25.065.

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9. For a whole life annuity-due on (40), you are given: (i) Before age 65, mortality follows a constant force u = 0.005 (ii) d = 0.03 (iii) A65 = 0.425 Calculate 440 (Careful! The given annuity is discrete, not continuous.) 9. For a whole life annuity-due on (40), you are given: (i) Before age 65, mortality follows a constant force u = 0.005 (ii) d = 0.03 (iii) A65 = 0.425 Calculate 440 (Careful! The given annuity is discrete, not continuous.)

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