answer with explanation

The gross premium G for a fully discrete whole life insurance with face amount of 1000 issued to (40) is determined using the equivalence principle. You are given: (i) G = 357.97 (ii) 1000P40 = 295.76 (iii) The excess of the net premium reserve over the gross premium reserve at time t = 1 is 93.98 (iv) i = 0.05 Expenses % of Premium Per Policy (v) First year 30% 30 Renewal years 5% 5 (vi) Expenses are paid at the beginnings of policy years. Calculate the probability that (40) lives to age 41. A. 0.80 B. 0.82 C. 0.84 D. 0.86 E. 0.88