"ORDINARY WHOLE LIFE ANNUITY DEFERRED. A life annuity that is tocontinue so long as the individual (annuitant) is alive is called a whole life annuity. When payments PAYMNT$ are to be made to an individual now AGE years old at the end of the year, but deferred for YEARSDEF years, the annuity is called ORDINARY WHOLE LIFE ANNUITY DEFERRED. EFFRATE% is the effective, or annual, interest rate. NXPKP1DX is the ratio of N(x+k+1) to D(x) and is derived from the 1941 CSO Mortality Table. AGESTART is the age the first payment is to be made. NETSINGP is the net single premium or present value. *** Answers to problems *** (c) Copyright PCSCC Inc., 1993 (a) Set AGE=30, AGESTART=55, EFFRATE%=7, and PAYMNT$=10,000. The net single premium for this ordinary whole life annuity is $14,051.05. Type any key to exit. ||(a) Find the net single premium NETSINGP for an ordinary whole life annuity of $10,000 per year with the first payment to begin at age 55 for an individual now aged 30 if money is worth 7% effective. Type comma key to see answers. Type (F2) to return to helpfile."
