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revAdmin (Created page with "'''Answer: C''' Let <math>A_{51}^{\text {SULT }}</math> designate <math>A_{51}</math> using the Standard Ultimate Life Table at <math>5 \%</math>. <math display="block"> \begin{aligned} \mathrm{APV}(\text { insurance }) & =1000\left(\frac{1}{1.04}\right)\left(q_{50}+p_{50} A_{51}^{S U L T}\right) \\ & =1000\left(\frac{1}{1.04}\right)[0.001209+(1-0.001209)(0.19780)] \\ & =191.12 \end{aligned} </math> {{soacopyright|2024}}")Jan 18'24 at 11:53+429