Question 1 (3 points) For this question, you will use a portion of the standard select table for i=5% given here: AX 2Ax SEX 10E, 20 Ex 60 61 62 63 64 14.904 14.649 14.386 14.115 13.836 0.29028 0.30243 0.31495 0.32785 0.34113 0.10834 0.11644 0.12506 0.13421 0.14392 0.76687 0.76493 0.76276 0.76033 0.75760 0.57864 0.57457 0.57003 0.56496 0.55932 0.29508 0.28641 0.27698 0.26674 0.25569 60 61 62 63 64 65 66 67 68 69 13.550 13.256 12.954 12.646 12.330 0.35477 0.36878 0.38313 0.39783 0.41285 0.15420 0.16507 0.17654 0.18862 0.20133 0.75455 0.75114 0.74732 0.74305 0.73828 0.55305 0.54609 0.53836 0.52981 0.52036 0.24381 0.23112 0.21764 0.20343 0.18856 65 66 67 68 69 An individual of age 61 is to get whole life insurance that pays $70,000 at the end of the year of death by paying an annual premium at the beginning of each year that they are alive. The net premium is set so that the expected net loss initially is zero. If the future unfolds as expected, so there is no change in the policy basis, what is the net policy value when the individual turns 67? Answer to the nearest dollar. Your