Question: Calculate the net single premium on a three-year immediate temporary life annuity policy for a 65 year old male that pays $1,000 per year.

Calculate the net single premium on a three-year immediate temporary life annuity

Calculate the net single premium on a three-year immediate temporary life annuity policy for a 65 year old male that pays $1,000 per year. Assume a 7 percent interest rate.

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