insurance question- plz show excel formulas and explain (:

#1 Death benefit: $10,000 Interest rate: 3% The company decide to charge a net single premium of $1600, and set the reserve as shown in the table below. ANSWER THE OUESTIONS 1) Is the net single premium sufficient to cover the death benefit? ( 4pts) \#2 Define the following terms (2pts) Reserve: \#3 You need to determine the net single premium of first-to-die policy. You are given the follow information. (7 pts) Death Benefit: $10,000 Interest Rate: 0%