For a semi$-$continuous twenty$-$year endowment insurance of $25000$ on $(x),$ you are given:

i$.$ The following expenses are payable at the beginning of the year:

ii$.$ Deaths are uniformly distributed over each year of age.

iii. Premiums are determined using the equivalence principle.

iv$.,a_{x\frac{\text{:}}{b}ar(20|)}^{}=12\mathrm{.}522$

Calculate the level annual policy fee to be paid each year.

Possible Answers

$3\mathrm{.}00$

$3\mathrm{.}60$

$3\mathrm{.}82$

$4\mathrm{.}24$

$4\mathrm{.}51$