Question 16.19 answers

Discussion in 'SP1' started by strongboy, Sep 13, 2012.

  1. strongboy

    strongboy Member

    The 365.25 number is the whole life annuity value at age 70?? How is it derived?
     
  2. Sarah Byrne

    Sarah Byrne ActEd Tutor Staff Member

    The benefits in the question are given per day, so we need to multiply by the number of benefit payments that would be made in a year :)

    Sarah
     

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