- Ryan Who Is 65 Receives An Annuity As His Pension Benefit The Annuity Is A 10 Year Certain And Life Annuity Which Pay 1 (23.63 KiB) Viewed 64 times
calculate APV
Ryan who is (65) receives an annuity as his pension benefit. The annuity is a 10 year certain and life annuity which pays 50,000 at the beginning of each year. The first 10 payments are guaranteed to be made even if Ryan dies prior to the payment. After 10 payments, payments are only made if Ryan is alive. You are given that mortality follows the Standard Ultimate Life Table with interest at 5%. Calculate the Actuarial Present Value of Ryans pension benefit.