8. (15 points) Jiraiya, aged 80 purchases a whole life insurance of 1,000, with the following conditions: (a) Death benefit is paid at the end of quarter of death. (b) Premiums of 60 are payable at the start of every 6-month period. (c) Initial expenses are 25 plus 20% of the first year's premiums. (d) Renewal expenses are 10% for every subsequent premium. (e) 190 = 1000, 191 = 760. (f) In between years, UDD assumption is used. (g) 10.76 V = 753.72 (h) i(1) - 0.08 Using the given information, calculate V for Jiraiya. 10.25