Question: True or False: In adding up the present values to get the net single premium for an annuity policy, each present value of a specific

True or False: In adding up the present values to get the net single premium for an annuity policy, each present value of a specific payout year is the product of three numbers: (1) annuity benefit amount; multiplied by (2) discount factor; and multiplied by (3) probability of death of the annuitant according to the individual annuity mortality table.

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