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. ( 2 8 ) , ( 2 9 ) and ( 3 0 ) take out a policy that will pay an insured sum
and take out a policy that will pay an insured sum of $ if at least two of the three people die within a year period. Additionally, a growing life annuity is offered to the last survivor of the group, starting with $ the first year $ the second year $ the third year and so on until you die. The premiums are payable every months while all persons are alive. The years are counted from this moment for example, if the third death occurs in the th year, the first annuity payment for the last survivor will be of $ in year Using table a rate of i calculate and write the notation: a Calculate and give the notation for the calculation of the PNU b Reserve at the end of year Assuming died c Reserve at the beginning of year All alive d Reserve at the end of year All alive
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