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Calculate the following: (a) (35) buys a whole life insurance policy with net quarterly premiums of $54.09, payable every three months for the life of

Calculate the following:

(a) (35) buys a whole life insurance policy with net quarterly premiums of $54.09, payable every three months for the life of the policy, first premium paid today. What is the face amount, R, of the insurance policy?

(b) What is the value of 1000A47? You are given: q47 = 0.00553, q48 = 0.00597, q49 = 0.00646, q50 = 0.00700.

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