3. Mr. Emerson wishes to purchase an annuity contract that will pay him, Rs.7000 a year for the rest of his life. The Sri
Lanka Insurance Corporation figures that his life expectancy is
20 years. The company imputes a compound annual interest
rate of 6% in its annuity contracts.
a. How much will Emerson has to pay for the annuity?
b. How much would he have to pay if the interest were 8%?
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On traditional maps, earth is represented in a flat plane, or by euclidean geometry. however, a globe is a more accurate model that comes from elliptical geometry.how does a globe represent the fact that there are no parallel lines in elliptical geometry? the equator is not parallel to any other latitudinal lines. the north and south poles are never connected by a geodesic. the geodesics connecting the north and south poles never intersect. the geodesics connecting the north and south poles intersect at both of the poles.