[12 marks] Suppose Jeffrey, 35, buys a 5-year term insurance policy with a face amount of $250,000. We assume the following assumptions: 6. Select mortality according to Appendix D.1 an effective rate of interest of 3% per policy expenses of $60 in year 1 and $25 in years 2 and 3 commissions of 10% per year percent of premiums expenses of 15% in year 1, 10% in year 2 and 8% in year 3 a death claim expense of $225 a. b. c. d. e, f. Calculate the following for this policy: a) b) gross premium gross premium reserve at the end of year 2 and 4