2. Alahlia Insurance Company SAOG in Oman has offered a wide selection of Life & General Insurance Products to satisfy its customers. The company provided the following information about a policy. It shows that the premium payment depends on many variables such as age, gender, face value of policy and frequency of premium payment 10-Year Fixed Rate Make Female 11 LIT 12 123 141 2:41 200 472 44 2 Years Rate Male 1 191 1S 211 30 331 711 6 Straight-lile Make Female 272 203 3.29 3 42 38 5 501 21 798 1 9 d Preto Am SHO 360 Quarterly Mely Questions i) Assume you are a 20-year-old female and want to buy OMR 200,000 face value scheme, what is the annual premium using a 20-year fixed rate scheme? i) Assume your father who is 40 years old wants to buy OMR 200,000 face value policy. He wants to pay premium semi-annually. How much will be the premium using 20- year fixed rate policy iii) Compare the annual and semi-annual premiums, explain which one is the better deal? iv) Instead of buying insurance for retirement, if your father invested OMR 35,000 now at 10% compounded annually, how much will be in his account after 5 years? v) If he invests OMR 35,000 now at 10% simple interest annually, how much will be in his account after 5 years! vi) As an investor, which method of interest is more beneficial to your father? Justify your