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A whole life annuity issued to a life age 40 pays $2,000 a year at the beginning of each year for the first 10 years
A whole life annuity issued to a life age 40 pays $2,000 a year at the beginning of each year for the first 10 years and then $3,000 a year thereafter. Using the SOAs Standard Ultimate Life Table at i = .05 (which was distributed in class), calculate the expected present value of this annuity.
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