( 20 pts) For a fully continuous whole life policy of 10,000 on (35): j = 0.01 and 8 = 0.04. = 0.06. Percent-of-premium expenses are 55% in the first year and 5% in renewal years, paid continuously. Per-policy expenses are 250 at policy issue plus 50 per year paid continuously. Gross premiums are calculated using the equivalence principle. . The reserve basis is the same as the premium basis. Calculate the gross premium reserve at the end of 10 years. ( 20 pts) For a fully continuous whole life policy of 10,000 on (35): j = 0.01 and 8 = 0.04. = 0.06. Percent-of-premium expenses are 55% in the first year and 5% in renewal years, paid continuously. Per-policy expenses are 250 at policy issue plus 50 per year paid continuously. Gross premiums are calculated using the equivalence principle. . The reserve basis is the same as the premium basis. Calculate the gross premium reserve at the end of 10 years