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Calculate the expectation of the present value of the benefits for the following contracts issued to a life aged exactly 45, assuming that the annual
Calculate the expectation of the present value of the benefits for the following contracts issued to a life aged exactly 45, assuming that the annual effective interest rate is 4%, and AM92 Select mortality applies:A deferred whole life annuity-due, with a deferred period of 15 years, under which payments of 5,000 are made annually in advance while the policyholder is alive after the deferred period
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