Chat with us, powered by LiveChat Dr Lin, aged 35, takes out a pure endowment policy, which will pay a survival benefit of ?60,000 if he survives to age 55. Assume an effective interest rate of 4% per annum and mortali - Writeedu

Dr Lin, aged 35, takes out a pure endowment policy, which will pay a survival benefit of ?60,000 if he survives to age 55. Assume an effective interest rate of 4% per annum and mortali

 

Dr Lin, aged 35, takes out a pure endowment policy, which will pay a survival benefit of £60,000 if he survives to age 55. Assume an effective interest rate of 4% per annum and mortality given by the AMC00 Select Table.

(a) What is the cost of the endowment policy?

(b) Dr Lin plans to use the survival benefit to purchase a whole-life annuity paying a monthly amount in advance. How much are the monthly payments

    Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteEdu. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

    Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.

    Do you need an answer to this or any other questions?

    Do you need help with this question?

    Get assignment help from WriteEdu.com Paper Writing Website and forget about your problems.

    WriteEdu provides custom & cheap essay writing 100% original, plagiarism free essays, assignments & dissertations.

    With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.

    Chat with us today! We are always waiting to answer all your questions.

    Click here to Place your Order Now