A husband and wife both aged 50 with independent future lifetimes purchased a 6-year joint and last survivor annuity policy payable continuously, starting at age 59. The benefit rates are PhP 10,000 per year while both are still alive, and PhP 9,000 per year if only one is alive. Assuming that = 0.06, x = 0.007 and y = 0.005 where (x) represents the husband and (y) represents the wife. Calculate the annual premium paid a rate P per year for 9 years conditional on both individuals surviving.