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New to life expectancy

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  • New to life expectancy

    Hi,

    I'm new to actuarial science and I'm trying to study by myself (english is not my language).

    I saw this question but I dont know how to start with it.

    I'm asked to find the present value, at 8% per annum for 2 contracts for a male now aged exactly 20 years. The first contract is if he lives to age 30 and he will receive $30000, where as the on the second contract, if he dies before reaching age 25, his dependants will receive $20000 on the day he reaches age 25.

    Thank you in advance.
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