(Ted purchased an IVIC 10 years ago.

IFSE Institute LLQP Question Answer

(Ted purchased an IVIC 10 years ago. His original deposit was $10,000. The current market value is $15,500 at maturity.

What will the new maturity guarantee be?)

$10,000, with the new maturity date set 10 years from now.

$11,625, and the new maturity date will depend on Ted’s age.

$12,000, with the new maturity date set 10 years from now.

$15,500, and the new maturity date will depend on Ted's age.

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