1. A man aged 59 and a man aged 60 each purchase the whole life policies...

 

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1. A man aged 59 and a man aged 60 each purchase the whole life policies which pay $1,000 at the end of year of death. The EPV for the older man is $50 greater than that for the younger. If 9/5 0.10 59 and i = 0.10, find the EPV of the benefit to (60). 1. A man aged 59 and a man aged 60 each purchase the whole life policies which pay $1,000 at the end of year of death. The EPV for the older man is $50 greater than that for the younger. If 9/5 0.10 59 and i = 0.10, find the EPV of the benefit to (60).

Answer rating: 100% (QA)

The EPV of the benefit to the 60yearold man is 500 Explanation The benef... View the full answer