INS 313 Theory Questions: Annuity Contracts and Calculations

300 Level  Department of Insurance exam questions and detailed answers. Download the answers in document format. Correct, detailed, and straightforward answers.

Questions:

a) Explain five (5) types of annuity contract.
b) Write out the formula for the sum of an immediate annuity.
c) Give the formula for the present value of an immediate annuity.

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