1. For a fully discrete whole life insurance policy on (30) with a death benefit of 150,000, you are given: (i) Reserves at the end of year 20 and 21 are 24,496 and 26,261, respectively. (ii) The gross premium is 1212. (iii) Expected expenses equal 60 plus W% of gross premium payable at the beginning of each year. (iv) q50 0.004736. (v) The expected interest rate is 8%. (vi) The expected profit in the 21st policy year for a policy in force at the beginning of that year is 722 Calculate W%. 1. For a fully discrete whole life insurance policy on (30) with a death benefit of 150,000, you are given: (i) Reserves at the end of year 20 and 21 are 24,496 and 26,261, respectively. (ii) The gross premium is 1212. (iii) Expected expenses equal 60 plus W% of gross premium payable at the beginning of each year. (iv) q50 0.004736. (v) The expected interest rate is 8%. (vi) The expected profit in the 21st policy year for a policy in force at the beginning of that year is 722 Calculate W%