A life insurance company issues a 25 -year with profits endowment assurance policy to a male life aged 40 exact. The sum assured of RM 100,000 plus declared reversionary bonuses are payable on survival to the end of the term or immediately on death, if earlier. Calculate the monthly premium payable in advance throughout the term of the policy if the company assumes that future reversionary bonuses will be declared at a rate of 1.92308% of the sum assured, compounded and vesting at the end of each policy year