Dwight Schrute is 40 years old and he purchases a continuous 20-year endowment insurance with a death benefit of $1000. His mortality follows the information given below. Assume UDD. Premiums are paid at the beginning of every year for 20 years and are determined using the equivalence principle. What is the annual premium? (7 marks) i) 440 = 15 ii) 6o = 12 iii) i= 0.06 iv) 20E40 = 0.6 Dwight Schrute is 40 years old and he purchases a continuous 20-year endowment insurance with a death benefit of $1000. His mortality follows the information given below. Assume UDD. Premiums are paid at the beginning of every year for 20 years and are determined using the equivalence principle. What is the annual premium? (7 marks) i) 440 = 15 ii) 6o = 12 iii) i= 0.06 iv) 20E40 = 0.6