Question: 5.32. A 30 year life annuity payable continuously at a rate of $4000 per annum is purchased for a life aged 20. Determine the present

5.32. A 30 year life annuity payable continuously at a rate of $4000 per annum is purchased for a life aged 20. Determine the present value of the annuity at a 6% annual rate of interest.

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