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2. For a special 3-year deferred whole life annuity-due on (2): (i) i=0.04 (ii) The first annual payment is 1000. (iii) Payments in the following

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2. For a special 3-year deferred whole life annuity-due on (2): (i) i=0.04 (ii) The first annual payment is 1000. (iii) Payments in the following years increase by 4% per year. (iv) Level premiums are payable at the beginning of each of the first three years. 1 (v) ez = 11.05 is the curtate expectation of life for (x). (vi) P, = 0.99, 2P: = 0.98, 3P, = 0.97. Calculate the net annual premium. Hint: e_ = D.+ 1.+. +... 2. For a special 3-year deferred whole life annuity-due on (2): (i) i=0.04 (ii) The first annual payment is 1000. (iii) Payments in the following years increase by 4% per year. (iv) Level premiums are payable at the beginning of each of the first three years. 1 (v) ez = 11.05 is the curtate expectation of life for (x). (vi) P, = 0.99, 2P: = 0.98, 3P, = 0.97. Calculate the net annual premium. Hint: e_ = D.+ 1.+. +

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