A 3-year endowment insurance policy with the benefits payable at the end of the year of death is issued to (46). The benefit formula is given by 1000(1.06) fort 1,2,3 Mortality is based on the following table Age , 45 60 000 46 59 000 47 57 500 48 55 000 49 52 500 50 50 000 51 47 000 52 44 000 53 42 000 Compute the net single premium for this insurance giveni 0.03