Question: 7. (10 pts) Assuming i = 0.05, write an expression for the present value of payments to (25) specified by the following life annuities if

7. (10 pts) Assuming i = 0.05, write an expression for the present value of payments to (25) specified by the following life annuities if death occurs at age 55.7: (you only need to write expressions using annuity symbols here) (a) $1,000/year paid continuously for life (b) $1,000/year life annuity due (c) 20-year temporary life annuity due of $1,000/year 7. (10 pts) Assuming i = 0.05, write an expression for the present value of payments to (25) specified by the following life annuities if death occurs at age 55.7: (you only need to write expressions using annuity symbols here) (a) $1,000/year paid continuously for life (b) $1,000/year life annuity due (c) 20-year temporary life annuity due of $1,000/year

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