Life Insurance (10 marks) Consider a 35-year life insurance policy with a sum insured of $100,000 issued to a male aged 30. Assume r = 5%. Find the net premium reserve at time k, where k = 5; 10; 20; 30. Plot the reserves against age by hand or by MATLAB. Please include all the Matlab code. The subject is mathematics of finance

5. Life Insurance (10 marks) Consider a 35-year life insurance policy with a sum insured of $100,000 issued to a male aged 30. Assume r = 5%. Find the net premium reserve at time k, where k = 5; 10; 20; 30. Plot the reserves against age by hand or by MATLAB