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2. Given : 950 = 0.10, 51 = 0.20,952 = 0.30 , and i = 0.10. Determine the annual net premium (50) must pay at

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2. Given : 950 = 0.10, 51 = 0.20,952 = 0.30 , and i = 0.10. Determine the annual net premium (50) must pay at the beginning of each year she/he survives upto a maximum of 3 3 payments in order to buy a 3-year increasing term insurance which pays $k at the end of the kth policy year in case (50) dies during the kth policy year, k=1,2,3. 2. Given : 950 = 0.10, 51 = 0.20,952 = 0.30 , and i = 0.10. Determine the annual net premium (50) must pay at the beginning of each year she/he survives upto a maximum of 3 3 payments in order to buy a 3-year increasing term insurance which pays $k at the end of the kth policy year in case (50) dies during the kth policy year, k=1,2,3

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