• We are pleased to announce that the winner of our Feedback Prize Draw for the Winter 2024-25 session and winning £150 of gift vouchers is Zhao Liang Tay. Congratulations to Zhao Liang. If you fancy winning £150 worth of gift vouchers (from a major UK store) for the Summer 2025 exam sitting for just a few minutes of your time throughout the session, please see our website at https://www.acted.co.uk/further-info.html?pat=feedback#feedback-prize for more information on how you can make sure your name is included in the draw at the end of the session.
  • Please be advised that the SP1, SP5 and SP7 X1 deadline is the 14th July and not the 17th June as first stated. Please accept out apologies for any confusion caused.

CT5 April 2017 Q10

Tina

Keen member
In this question,there is a benefit that goes:
a pension payable monthly in advance after 10 years at a rate of 10,000 per annum if both lives are alive and 5000 pa if only one life is alive
Equation is: 5000(v^10*10p55*adue65^((12))+v^10*10p50*adue60^((12)))

The solution has only used the benefit with 5K payment but not the payment of 10000 which is bolded above.

I did not understand this part.
Could anyone please explain?
Thank you
 
Back
Top