Assume that you are asked to explain how premiums for

a life insurance policy are calculated. Based on the infor$-$

mation in the following table, answer these questions:

a$.$ Compute the net single premium for a five$-$year term

insurance policy in the amount of $$1,000$ issued to

a male at age $30.$

b$.$ Compute the net annual level premium for the same

policy as in part $($a$).$

c$.$ Is the net annual level premium the actual premium

paid by the policyholder? Explain your answer.