Question: An insurance contract on ( 3 0 ) will pay $ 1 0 0 0 at the moment of death if ( 3 0 )

An insurance contract on (30) will pay $1000 at the moment of death if (30) dies before reaching age 40. It will pay $2000 if the insured survives to age 40. You are giveni. The force of mortality is constant and equal to 0.01 at all durations.i.8=0.05Calculate the expected present value of this contract.

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