A group of 250,000 males, age 30, wishes to contribute each year an amount to a common fund sufficient to pay $1,060 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 250,000 members contribute at the beginning of the year to provide $1,060 for the dependants of those who die before the end of the year? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Amount $_____ per member