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For a 20-year deferred annuity-due on (65) you are given: (i) Mortality follows the Standard Ultimate Life Table. (ii) Deaths are uniformly distributed over each

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For a 20-year deferred annuity-due on (65) you are given: (i) Mortality follows the Standard Ultimate Life Table. (ii) Deaths are uniformly distributed over each year of age. (iii) The annuity pays 25,000 every six months starting at age 85. (iv) Level monthly premiums are payable for 10 years. (v) i = 0.05 Calculate the net monthly premium for this policy. (A) 830 (B) 850 (C) 870 (D) 890 (E) 910 For a 20-year deferred annuity-due on (65) you are given: (i) Mortality follows the Standard Ultimate Life Table. (ii) Deaths are uniformly distributed over each year of age. (iii) The annuity pays 25,000 every six months starting at age 85. (iv) Level monthly premiums are payable for 10 years. (v) i = 0.05 Calculate the net monthly premium for this policy. (A) 830 (B) 850 (C) 870 (D) 890 (E) 910

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