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9. A 20-year deferred annuity-due on (45) pays 1000 per year. Annual premiums are payable at the beginning of the first 20 years. The company

9. A 20-year deferred annuity-due on (45) pays 1000 per year. Annual premiums are payable at the beginning of the first 20 years. The company pays commissions of 6% on each premium payment. The company's other expenses are 10 per premium collection and 20 per annuity payment. You are given: ss 17.42 3$ 20 13.55 20E40.3848 Calculate the gross premium using the equivalence principle

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