A life insurance company issues a whole life annuity immediate with annual payments. The annuity is issued to (65). The annuity pays 50,000 at the end of each year for the life of the annuitant with the first payment being made at age 66. You are given: A single premium is paid to purchase this annuity. Mortality follows the Illustrative Life Table with i = 0.06. %3D Assume that the single net premium, P, is 1 of the expected present value at issue of benefits. Calculate the probability that this policy will generate a profit using P.

The principal P is borrowed at a simple interest rate r for a period of time t. Find the loans future value A, or the total amount due ay time t. P= $7000 , r= 4.0%, t= 4 months

The principal P is borrowed at simple interest rate r for a period of time t. Find the loan's future value, A, or the total amount due at time t. Round answer to the nearest cent. P = $700, r = 8.25%, t = 3 months %3D (Round to the nearest cent as needed.) $719.44 $714.44 $715.75 $873.25

A student loan allows you to borrow now, and pay after you graduate. Consider a loan with a 7% annual percentage rate. No payments are due until after you graduate, but interest accrues (i.e. is added to the balance) monthly. Suppose you borrow $25,000 now. How much will you owe (including interest) at the end of 4 years? Show your work by creating a table with interest accrued each period.