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A whole life annuity-immediate on (35) pays 1 the first year. Subsequent payments grow at 3% per year. Suppose 35+t = 0.02 and i =

A whole life annuity-immediate on (35) pays 1 the first year. Subsequent payments

grow at 3% per year. Suppose 35+t = 0.02 and i = 0.05. Please calculate the EPV of this annuity.

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