A special 10-year deferred, fully discrete 20-year insurance is issued to (50). A benefit of 2,000,000 is paid on death between ages 60 and 80, and a benefit of 500,000 is paid on survival to age 80. There is no benefit on death before age 60. You are given: 1. Premiums are paid annually during the 10-year deferral period. 11. Commissions are 5% of premium. III. Expenses of 260 per year are incurred at the start of each year following the deferral period. IV. Mortality follows the Standard Ultimate Life Table. Vi = 0.05 Calculato the annual gross premium using the equivalence principle A 29,800 B 30,000 30,200 D 30,400 E 30,600