Question
The beneficiary of a line insurance policy is to receive 6000 a year in 7 years, the first payment to be made at the time
The beneficiary of a line insurance policy is to receive 6000 a year in 7 years, the first payment to be made at the time of death of the injured. Find the value of the annuity at the time of death of the injured, assuming the current interest rate to be 4%.
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