Repeat Question 29 if no payments are guaranteed. Assume, in addition, that A^50 = 83,500.

8-3 1 . Jeannette, aged 65, is about to retire. Her salary is 70,000 per year and, because of her long service and senior position, she will receive a pension of 50% of her final salary at the end of each year as long as she survives. Find the present value of these benefits if Nes = 700 and Des = 82.