Answer: 277.44

5. You are given the following mortality information: 12,500 11,500 10,500 9500 8500 25 7500 Assume the effective annual rate of interest is set as follows: Year Interest Rate 5% - 8% Calculate the single benefit premium for a 4-year term life insurance with a benefit of $1000 issued to a person age 20, with benefits payable at the end of the year of death