i) Showing all your calculations, complete Table 1 values (a), (b) and (c). [15 marks] Discuss what is meant by a "burning rate". [5 marks] Outline the level premium method. [10 marks] Calculate the three year level premium using the table above if a hypothetical sum assured of R200 000 is assumed at i= 12% p.a. [20 marks] ii) iii) iv) for the following missing Table 1: Section of a common select mortality table for assured lives Age (x) Alive (1) X x+ 1 x+ 2 40 41 42 84 000 83 868 Expected deaths (d.) 132 (b) 145 Mortality rate (9x) (a) 0.00166929 0.0017318