Consider the following fully discrete whole life insurance to a life aged 35: . The sum insured is $50, 000. . Level gross premiums are payable annually. . The following expenses are payable at the beginning of each year: 30 per year per policy and 5% of the gross premium. ' Claim expenses are 100. Suppose that the interest rate is 4% per annum. You have found that the gross premium determined by using the equivalence principle is 1000, and that the gross premium reserve at duration 9 is 3000 and at duration 10 is 3706. Calculate q\". (91/ + 0.950 30)(1.04) = 94450100) + pmoV (3000 + 0.95 =c