Answer is supposed to be 1389.51.

3. Ann wants to purchase a 6-year pure endowment with a single benefit premium. The amount of the endowment is $2000. Her insurance agent convinces her instead to use the same money to purchase a 6-year endowment insurance policy which pays at the moment of death or at the end of six years, whichever comes first. You are given that u= 0.05 and 8 = 0.07. Calculate the benefit amount for this 6-year endowment. 3. Ann wants to purchase a 6-year pure endowment with a single benefit premium. The amount of the endowment is $2000. Her insurance agent convinces her instead to use the same money to purchase a 6-year endowment insurance policy which pays at the moment of death or at the end of six years, whichever comes first. You are given that u= 0.05 and 8 = 0.07. Calculate the benefit amount for this 6-year endowment