For a 10-payment, fully discrete 20-year term insurance of 1000 on (40), you are given: i = 0.06 Mortality follows the ILT. Expense Type First Year Renewal % of Gross Premium Commissions 25% 5% Tax % of Gross Premium 4% 4% Face amount $10 per $1,000 $1 per $1,000 Per policy $10 $5 Calculate the expense-loaded premium using the equivalence principle. 

5. For a 10-payment, fully discrete 20-year term insurance of 1000 on (40), you are given:i = 0.06Mortality follows the |LT.Expense Type First Year Renewal % of Gross Premium Commissions 25% 5%Tax % of Gross Premium 4% 4%Face amount $10 per $1,000 $1 per $1,000Per policy 510 $5 Calculate the expense-loaded premium using the equivalence principle.