A pension plan member is entitled to a benefit of 1000 per month, in advance, for life from age 65, with no guarantee. She can opt to take a lower benefit, with a 5-year guarantee. The revised benefit is calculated to have equal EPV at age 65 to the original benefit. Calculate the revised benefit. Use the Standard Ultimate Life Table with interest at i = 0.05 per year and UDD if needed. A pension plan member is entitled to a benefit of 1000 per month, in advance, for life from age 65, with no guarantee. She can opt to take a lower benefit, with a 5-year guarantee. The revised benefit is calculated to have equal EPV at age 65 to the original benefit. Calculate the revised benefit. Use the Standard Ultimate Life Table with interest at i = 0.05 per year and UDD if needed