Find the annual premium for a 20-year term insurance with sum insured $100,000 payable at the end of the year of death, issued to a select life aged 40 with premiums payable for at most 10 years, with expenses, which are incurred at the beginning of each policy year, as follows:

Answer: P=$212.81. Please show step

Year 1 Years 2+ % of premium Constant % of premium Constant Taxes Sales commission Policy maintenance 4% 25% 0% 0 0 10 4% 5% 0% 0 0 5 Year 1 Years 2+ % of premium Constant % of premium Constant Taxes Sales commission Policy maintenance 4% 25% 0% 0 0 10 4% 5% 0% 0 0 5