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Question 4 (3 points) Consider a term insurance benefit that pays B(t) at the moment of death at timet from now with B(t) as shown

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Question 4 (3 points) Consider a term insurance benefit that pays B(t) at the moment of death at timet from now with B(t) as shown in the following graph: $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 0 10 20 30 40 50 60 B(t) is zero for t>50. You are given that: term insurance of $100,000 for 30 years from now has an EPV of $16,000. term insurance of $200,000 for 50 years from now has an EPV of $41,000. (IA)! = 2.6 and (IA)! = 5.4 0:30 0:501 What is the EPV of this insurance benefit? Your Answer: Question 4 (3 points) Consider a term insurance benefit that pays B(t) at the moment of death at timet from now with B(t) as shown in the following graph: $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 0 10 20 30 40 50 60 B(t) is zero for t>50. You are given that: term insurance of $100,000 for 30 years from now has an EPV of $16,000. term insurance of $200,000 for 50 years from now has an EPV of $41,000. (IA)! = 2.6 and (IA)! = 5.4 0:30 0:501 What is the EPV of this insurance benefit? Your

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