How much must he deposit annually if the money is worth

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Reference no: EM131307050

1. What is the present value at age zero for all people who die at age 72 if there is a per person payment of $500?

2. Robert would like his wife to receive a pure endowment of $100,000 when she retires at 55, 15 years from now. How much must he deposit annually if the money is worth 5%?

Reference no: EM131307050

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