1. For a 3-year term insurance, you are given i=4% :

1. The death benefit is 10,000 and is payable at the end of year of death.

x	px
60	.90
61	.85
62	.80

Find the net annual level premium for the above term insurance benefits at age 60. Assume premiums are payable at beginning of year for a maximum of 3 years subject to survival.