itsRyanPlayzMC9660
10.12.2020 •
Business
Grace paid a life insurer $45,000 in exchange for an immediate life annuity. Grace will receive $500 per month from the insurer, and her life expectancy is 15 years (180 months). What is the exclusion ratio in this case?
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Ответ:
the exclusion ratio is 0.50 or 50%
Explanation:
The computation of the exclusion ratio is as follows:
= Investment made in contract ÷ expected return
= $45,000 ÷ ($500 × 180 months)
= $45,000 ÷ $90,000
= 0.50 or 50%
Hence, the exclusion ratio is 0.50 or 50%
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Ответ:
Would you be able to solve it that way ?
They're both the same number.