A fully discrete 4-year term insurance policy of 20,000 is issued to a life aged 50. Let f (t,4) be the forward rate for a zero-coupon bond issued at time t and maturing at time (b) 4. You are provided with the following information: f (t,4) 0.010 0.023 1 0.012 0.025 2 0.014 0.027 3 0.017 0.028 Calculate, to the nearest integer, the benefit premium for this insurance contract. (5 marks)