threemonkies threemonkies

22-05-2024
Mathematics

Answered

At the time he purchased his variable annuity, Ahmed directed 5000 of his premium into subaccount A when the unit value was $10. A year later, the unit value had increased to $15.00 Assuming he made no additional premium deposits, what is the value of Ahmed's investment in Subaccount A now?

Answer :

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