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can you please answer the question using an Excel spreadsheet : A 1-year term assurance contract provides a death benefit of 100,000 payable at the

can you please answer the question using an Excel spreadsheet : image text in transcribed

A 1-year term assurance contract provides a death benefit of 100,000 payable at the end of the month of death to a life currently aged 70 exact. (i) Calculate the expected present value of the contract using the Uniform Distribution of Deaths (UDD) method, given the basis below. [5] (ii) Calculate the expected present value of the contract assuming a constant force of mortality, given the basis below. [3] Basis: (iii) Comment on the differences between your answers to parts (i) and (ii). [2]

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