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(a) A couple has just celebrated their 25th wedding anniversary. What is the probability of them celebrating their 50th wedding anniversary, if the husband is aged exactly 50, his wife is aged exactly 45, and assuming that both of their mortality follows the AM92 Ultimate table? (Assume they won't get divorced!)
(b) Adam, aged 65 and earning $60,000 a year is about to retire on a pension equal to two thirds of his salary at retirement. The pension will remain at this rate as long as both he and his business partner, Ben, now aged 60, are alive, but will reduce to one half of his final salary on the death of either partner. Estimate the present value of these benefits if the pension is payable annually in advance at 4% pa interest. Use the AM92 Ultimate table. You are also given ä65.60=10.5982
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If banks expect an unusually large increase in withdraws from checking deposit accounts in the near future, what would happen to the federal funds rate, borrowed reserves and nonbo
Dow Theory - Stock Exchange This theory depends upon profiting of prices of a chart of secondary movement. The principal objective is to discover whilst there is a change in t
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Limitations of Credit Cards - Source of Finance Limitations of Credit Cards as a Source of Finance are as follow: i) These cards lead to overspending on the part of the hol
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Stewardship Accounting Shareholders contribute capital that is provided to the directors that they employ and at the end of each accounting year render an explanation on the a
You have the following information for Stardusts: Current EPS is $1.79. The current dividend is $.68 per share. The return on equity is 24%. The present price is $49.22. a.
Advantages of Overdraft Finance 1. It is useful in financial crisis such an accountant cannot forecast because of abrupt fall in profits so liquidity problems. 2. In
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