1.Why is the time period observed in life table calculation important? 2.How can the economic value of life be calculated? 3.What does the result

1.Why is the time period observed in life table calculation important?

2.How can the economic value of life be calculated?

3.What does the result mean?3.What income streams should be taken into consideration when assessing economic value by the PV method?

4.Using the PV method, what is the economic value of a forty-year-old man who earns an average annual income of $130,000 for his lifetime at an interest rate of 3 percent