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| rev | Admin | (Created page with "A life insurance company sells a two-year immediate annuity with annual payments of 1000 for a price of 1817. The investment actuary invests the 1817 in two zero-coupon bonds *The first bond matures in one year and earns an annual effective interest rate of 6%. The second bond matures in two years and earns an annual effective interest rate of 7%. *999.35 is invested in the first bond and 817.65 is invested in the second bond. *The two bonds are held to maturity As lon...") | Nov 19'23 at 20:50 | +781 |