(a) Peter and Bill are two actuaries who use the same mortality table to price fully discrete 2-year endowment insurance of 200 on (x). - Peter calculates level annual benefit premiums of 97.4 . - Bill calculates non-level benefit premiums of 100 for the first year, and for the second year. - Interest rate i is 8%. - Both actuaries calculate benefit premium based on the equivalence principle. (a) Peter and Bill are two actuaries who use the same mortality table to price fully discrete 2-year endowment insurance of 200 on (x). - Peter calculates level annual benefit premiums of 97.4 . - Bill calculates non-level benefit premiums of 100 for the first year, and for the second year. - Interest rate i is 8%. - Both actuaries calculate benefit premium based on the equivalence principle