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You are the actuary for an insurance company. In response to a personal injury claim your company will make annual medical payments. The first payment
You are the actuary for an insurance company. In response to a personal injury claim your company will make annual medical payments. The first payment takes place january 1 2008, the final payment takes place january 1, 2031. the first payment is 100, payments increase annually at 5% each year. Interesest is 3% per year, find the present value of future payments at december 31st, 2015
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