CASE 2 An insurance company provided you with the following policy for your future retirement. The premium payment depends with many variables such as age, gender, face value of policy and frequency of payment. You are given the following table; 10-Year Fixed Rate 20-Year Fixed Rate Straight-Life Age Male Female Male Female Male Female 20 1.21 117 182 1.76 272 263 30 1.27 121 191 185 3.49 338 40 146 1.41 230 213 402 3.808 50 241 2.00 363 3.51 518 501 60 4.72 4.56 7.11 688 821 7.93 Percent of Annual Period Premium Semiannually $1.00 Quarterly 36.00 Monthly 8.75 A. If you are male, 30 years old and wants to buy OMR 100,000 face value policy, what is the annual premium using 20-year fixed rate policy? B. If you are male, 30 years old and wants to buy OMR 100,000 face value policy, what is the semi-annual premium using 20-year fixed rate policy? c. Compare the annual premium and semi-annual premium, which is the better deal? Why? II. Instead of buying insurance for retirement, you decided to set aside some savings in the bank. You believe that saving money in the bank is safer and more convenient than buying insurance. A. If you invest OMR 15,000 now at 10% compounded semi- annually, how much will be in your account after 20 years? B. If you invest OMR 15,000 now at 10% simple interest, how much will be in your account after 20 years