A person aged 35 has just taken out a home mortgage loan where he will pay $18,000 at the end of each year for 20 years. He was also required to purchase a life insurance policy that will pay any remaining payments should he die within the 20-year period. (a) (1 point) If the person dies in the first year, how much is the PV of the death benefit? Page 2 (b) (3 points) Calculate the expected present value of this life insurance policy.