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1.You are given: a.The continuous interest rate is 6% b.Mortality follows u(x+t) =|0.01 40 < t > 45 |0.02 t > 45 Calculate the value

1.You are given:

a.The continuous interest rate is 6%

b.Mortality follows u(x+t) =|0.01 40 < t > 45

|0.02 t > 45

Calculate the value of a continuous whole life annuity for an individual aged 40.

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