Calculate the life insurance gross premium for an insurance company, XYZ Life, under the following assumptions. Please round your answer to the nearest dollar. . 1-year term insurance for a 35-year-old female - The death benet is $10,000 - The probability of death within one year given a female is 35 years old (q30) is 0.015 - The interest rate is 1.5% . All deaths occur uniformly, hence for simplicity, price the product assuming all deaths happen at the middle of the year - XYZ Life is looking for a 25% loading based on the pure premium (i.e. PV of expected loss) (Hint: When loading AP, expressed as a percentage, is based on pure premium, Gross premium = Pure premium x [1 + N31) Choose the correct answer from below