Hello tutors answer the following questions

The rules of a pension scheme require members to contribute 5% of earnings each month for a maximum of 40 years. Assuming that the interest rate, salary scales and decrements are the same as in the Tables, calculate: (i) the expected present value of future contributions for a member now aged exactly 25 with 3 years of past service whose earnings during the last 12 months were $15,000. [3] (ii) the expected present value of an ill-health retirement benefit of $1,000 pa payable continuously to the member in (i) above. [2] [Total 5]Explain the transactions costs approach to explaining the external growth of the firm via a merger or strategic alliance. [3] The Actuarial Education Company @ IFE: 2013 Examinations