Q1: Martha is currently age 50 who purchases a deferred whole life annuity-due policy which...

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Accounting

Q1: Martha is currently age 50 who purchases a deferred whole life annuity-due policy which will pay her the following benefits: - Guaranteed annual payments of 20000 for 5 years, starting when she reaches age 65- Annual payments of 40000 for the subsequent 10 years, if alive .- Annual payments of 75000, if alive, thereafter. You are given : -Mortality follows the Standard Ultimate Survival Model. \(-j=5\%\) Calculate the actuarial present value of Martha's life annuity benefits.

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