Answer is 141.5094

A disease progresses according to the following multiple state model. An insurance company provides coverage for this disease by paying a fixed benefit amount of 15,000 at the moment an uninfected policyholder reaches 'Stage Two'. Uninfected(0) Stage One (1) Stage Two (2) Dead (3) You are given: All transition intensities are constant and independent of age: 1 = 0.001, 412 = 0.100, 03 = 0.002, 113 = 0.050, and 123 = 0.400 .8= 0.05 Calculate the actuarial present value for this insurance benefit. A disease progresses according to the following multiple state model. An insurance company provides coverage for this disease by paying a fixed benefit amount of 15,000 at the moment an uninfected policyholder reaches 'Stage Two'. Uninfected(0) Stage One (1) Stage Two (2) Dead (3) You are given: All transition intensities are constant and independent of age: 1 = 0.001, 412 = 0.100, 03 = 0.002, 113 = 0.050, and 123 = 0.400 .8= 0.05 Calculate the actuarial present value for this insurance benefit