3. (AMLCR) 6.3 (a) (b) You are given the following extract from a select life table with a four-year select period. A select individual aged 41 purchased a fully discrete three-year term insurance with a net annual premium of $350. +4 (40) 100,000 99,899 99.724 99,620 99,288 44 (41) 99,802 99,689 99,502 99,283 99,033 45 (42 99,597 99,471 99,268 99,030 98,752 46 Use an effective rate of interest of 6% per year to calculate (a) the sum insured, (b) the standard deviation of Lo. 3. (AMLCR) 6.3 (a) (b) You are given the following extract from a select life table with a four-year select period. A select individual aged 41 purchased a fully discrete three-year term insurance with a net annual premium of $350. +4 (40) 100,000 99,899 99.724 99,620 99,288 44 (41) 99,802 99,689 99,502 99,283 99,033 45 (42 99,597 99,471 99,268 99,030 98,752 46 Use an effective rate of interest of 6% per year to calculate (a) the sum insured, (b) the standard deviation of Lo