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7. (20 points) For a group of 250 individuals age x, a fully discrete whole life insurance of $100,000 is issued. The future lifetimes for

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7. (20 points) For a group of 250 individuals age x, a fully discrete whole life insurance of $100,000 is issued. The future lifetimes for these individuals are independent. You are given: Ar = 0.369131, 2A, = 0.1774113, i = 0.06 Use the normal approximation to find the premium such that the probability of a positive loss is 0.05 by the approximation

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