For a fully discrete 10-year deferred 10-year endowment insurance of 5000 on (45), you are given: i) Mortality follows the Standard Ultimate Life Table. ii) i = 0.05 iii) First year expenses are 12% of annual premium. iv) Renewal expenses are 2% of annual premium. v) Settlement expenses are 100 per 1000 benefit. vi) Gross annual premiums are payable during the deferred period. Determine the gross annual premiums using the equivalence principle For a fully discrete 10-year deferred 10-year endowment insurance of 5000 on (45), you are given: i) Mortality follows the Standard Ultimate Life Table. ii) i = 0.05 iii) First year expenses are 12% of annual premium. iv) Renewal expenses are 2% of annual premium. v) Settlement expenses are 100 per 1000 benefit. vi) Gross annual premiums are payable during the deferred period. Determine the gross annual premiums using the equivalence principle