What is the single premium for this annuity

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Reference no: EM131307043

1. A temporary life annuity is supposed to pay an annual payment of $4,200 to a young man for a period of 10 years but would not start until 5 years from now. What is the single premium for this annuity?

2. A man wants to buy a whole life insurance policy that pays $150,000 to his wife if he dies. He is 52 now. How much will his single premium be?

Reference no: EM131307043

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