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2. You are currently 22 years old. It is believed that your mortality follows the uniform distribution with limiting age 120. You purchase a whole
2. You are currently 22 years old. It is believed that your mortality follows the uniform distribution with limiting age 120. You purchase a whole life policy which pays a benefit of $500000 at the moment of death. Calculate the present value of your death benefit. Assume effective rate of interest of 5%
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