You intend to purchase an insurance policy on 1 January 2021 which will provide you with a…


You denote to donation an security plan on 1 January 2021 which obtain arrange you after a while a speciereturn of $5000 year-by-year at the opening of each year in 10 years’ date from now for eight years.The bribe reimbursements obtain be made half-yearly balance the 10 years after a while the principal reimbursement made onthe day of donation. The security guild obtain sum specie bonuses on the bribes paidat a rebuke of 5.25% per annum. Calculate the security bribe that you obtain be required to pay tothe security guild total six months.