5. 20pt) The XYZ Insurance Company is preparing a rate filing using loss data from accident years 1994 through 1996. XYZ will use the new rates for all policies written between January 1, 1998, and December 31, 1998. XYZ issues annual policies only. The actuary for XYZ has determined that losses are increasing exponentially at the rate of 10% per year. If the developed losses for the experience period (1994-96) are $10,000,000, what are the developed and trended losses? 5. 20pt) The XYZ Insurance Company is preparing a rate filing using loss data from accident years 1994 through 1996. XYZ will use the new rates for all policies written between January 1, 1998, and December 31, 1998. XYZ issues annual policies only. The actuary for XYZ has determined that losses are increasing exponentially at the rate of 10% per year. If the developed losses for the experience period (1994-96) are $10,000,000, what are the developed and trended losses