A survival model is given by the survival function Sp(a) - (1-)"". Suppose a whole life insurance policy with a benefit of $41500 payable at the end of the year of death has an effective annual interest rate of 0.025 o.i2.5%) (a) What is the present value for the benefit if the policy is purchased at age 80? 41500A

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A: I proceeded to get 78.5221 for the gross premium

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