A group of 100,000 males, age 30, wishes to contribute each year an amount to a common fund sufficient to pay $1000 to the dependants of each group member who dies during the year. Use the mortality table in Exhibit 9-1 to determine the following:

a. How many members of the group can be expected to die during the year?

Members expected to die: _________

b. What amount must each of the 100,000 members contribute at the beginning of the year to provide $1,000 for the dependants of those who die before the end of the year? (Round your answer to 2 decimal places)

Amount: $________ per member

O year 100,000 494 0.99506 0.00494 1 year 99,506 0.99972 0.00028 2 years 99.476 IT 0.99979 0.00021 SIB3.1 99.457 16 0.99984 0.00016 Int 60 12 0.99988 0.00012 5 scars 99.-29 10 0.99999 0.00010 6 years 6 0.99991 0.00009 7 years m 0.99991 800000 8 scars 99.402 S 0.99992 0.00008 S_199.- 6 99,394 8 10.99992 0.00003 10 cars 99.380 8 0 99992 000008 99 106 0.00062 25 scars 0.95924 30 years 0.99916 0.00084 37,336 htohirhati of cohort has died