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6. Tim is age 65 and just won a lottery of SF. He wants guaranteed income while alive. In exchange for a single payment of

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6. Tim is age 65 and just won a lottery of SF. He wants guaranteed income while alive. In exchange for a single payment of SF, an insurance company promised him in annual payment (at the beginning of each yeur) of 50,000 with: (i) the first 10 payments guaranteed, whether he is alive or not, and (ii) the subsequent payments made provided he is alive. You are given: i = 0.05, es = 10.263, rs = 7.448, 65-T6 = 7.095, Calculate F. 6. Tim is age 65 and just won a lottery of SF. He wants guaranteed income while alive. In exchange for a single payment of SF, an insurance company promised him in annual payment (at the beginning of each yeur) of 50,000 with: (i) the first 10 payments guaranteed, whether he is alive or not, and (ii) the subsequent payments made provided he is alive. You are given: i = 0.05, es = 10.263, rs = 7.448, 65-T6 = 7.095, Calculate F

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