1. The beneficiary of life insurance of policy is to receive $2000 a year for 5 years, the first paymentto be made at the time of death of the injured. Find the value of the annuity at the time of...

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Extracted text: 1. The beneficiary of life insurance of policy is to receive $2000 a year for 5 years, the first paymentto be made at the time of death of the injured. Find the value of the annuity at the time of death of the injured, aasuming the current interest rate to be 4%. 9. An investment pays $6000 at the end of the first year, $4000 at the end of the second year and $2000 at the end of the third year. Compute the present value of the investment of a 10% rate of return is required. 10. A father decided to provide $40,000 to his son on his son's 21st birthday. How much should he deposit every six months in a savings account which pays 3.5% compounded semi-annually if the first deposit was made when the son was 3% years old?