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Calculate the net present value of a 3 year term life policy with a death benefit of $200,000. Assume that the interest rate equals 4%

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Calculate the net present value of a 3 year term life policy with a death benefit of $200,000. Assume that the interest rate equals 4% and that the death benefit will be paid at the end of each policy year. The insured is assumed to be 45 upon entry and her mortality follows the pattern below

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