Please explain all of the steps taken in answering the question and also explain what the variables stand for.

Calculate the net premium reserve at time 10.

For a special 20-year term insurance of 200,000 with level monthly premiums issued to (65), you are given: (1) The death benefit is paid six months after the death of the policyholder. (ii) Mortality follows the Standard Ultimate Life Table. (iii) Woolhouse's formula with two terms is used to calculate Ym thly and continuous annuities, and to calculate insurance functions from the annuity values. (iv) The monthly net premium is 274. i= 0.05 For a special 20-year term insurance of 200,000 with level monthly premiums issued to (65), you are given: (1) The death benefit is paid six months after the death of the policyholder. (ii) Mortality follows the Standard Ultimate Life Table. (iii) Woolhouse's formula with two terms is used to calculate Ym thly and continuous annuities, and to calculate insurance functions from the annuity values. (iv) The monthly net premium is 274. i= 0.05