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1. Given : (1) $ 1000 death Benefit will be paid at the moment (40) dies, ( 11) (40) will pay level annual premiums at

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1. Given : (1) $ 1000 death Benefit will be paid at the moment (40) dies, ( 11) (40) will pay level annual premiums at the Beginning of each year the / he survives up to a maximum of 20 payments, (HI) DML holds with = 100, and ( IV) i = 0. 06. Use the equivalent principle to determine the level annual premium

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