3/13 (1 pt) A survival model is given by the survival function So(t) = (1 - 1) / Suppose a whole life insurance policy with a benefit of $106000 payable at the end of the year of death has an effective annual interest rate of 0.02(1.0, 1 = 2%) (a) What is the present value for the benefit if the policy is purchased at age 807 106000.Ago (b) What is the present value for the benefit if the policy is purchased at age 552 106000.A. 102 (c) What is the present value for the benefit if the policy is purchased at age 106000.110 Note: Round your answer to two decimal places 3/13 (1 pt) A survival model is given by the survival function So(t) = (1 - 1) / Suppose a whole life insurance policy with a benefit of $106000 payable at the end of the year of death has an effective annual interest rate of 0.02(1.0, 1 = 2%) (a) What is the present value for the benefit if the policy is purchased at age 807 106000.Ago (b) What is the present value for the benefit if the policy is purchased at age 552 106000.A. 102 (c) What is the present value for the benefit if the policy is purchased at age 106000.110 Note: Round your answer to two decimal places