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QUESTION 1 Calculate the actuarial present value of an annually decreasing 5-year term insurance to a life aged (50) paying 50,000 at the end of

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QUESTION 1 Calculate the actuarial present value of an annually decreasing 5-year term insurance to a life aged (50) paying 50,000 at the end of the year of death in the first year, 40,000 in the second year and so on. Use the Illustrative Life Table in appendix D (table from the book) and i-6%. QUESTION 2 Calculate the actuarial present value of an annually increasing 5-year term insurance to a fe aged (50) paying 1,000 at the end of the year of death in the first year. 2.000 in the second year and so on. Use the strative Life Table in appendix D (table from the book) and i-6%

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