What was the value of macks contract at that point, Accounting Basics

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What was the value of macks contract at that point

Problem

Mack purchased a variable annuity with a $50,000 premium deposit, which he split equally between two subaccounts. At the time of purchase, the value of a unit in Subaccount #1 was $25, and the value of a unit in Subaccount #2 was $10. Six months later, the unit value of Subaccount #1 had risen to $30, and the unit value of Subaccount #2 had declined to $8. What was the value of Mack's contract at that point?

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Accounting Basics: What was the value of macks contract at that point

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