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5. Consider a whole life annuity-due with monthly payment payable to (60) as follows: $1000 each month between ages 60 and 70, and $1600 each

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5. Consider a whole life annuity-due with monthly payment payable to (60) as follows: $1000 each month between ages 60 and 70, and $1600 each month between ages 70 and 80, and $2000 each month thereafter. Using the Standard Ultimate Life Table at i = 5% and assuming UDD, calculate the EPV of the annuity. [ 5 points 5. Consider a whole life annuity-due with monthly payment payable to (60) as follows: $1000 each month between ages 60 and 70, and $1600 each month between ages 70 and 80, and $2000 each month thereafter. Using the Standard Ultimate Life Table at i = 5% and assuming UDD, calculate the EPV of the annuity. [ 5 points

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