Question 10 (3 points) A 65-year old who is going on a 3 year long trip wishes to purchase travel insurance that, in the event of death in the next 3 years only, pays $150,000 at the end of the year of death. Annual premiums are due at the beginning of each of the 3 years, and the annual effective interest rate is 6%. The insurance company will charge a maintenance fee of 5% of each premium paid, and there will be a $6000 processing fee in the event of death. A segment of the life table for this person is given below. Using equivalence, what would be the annual gross premiums? Answer to the nearest dollar. C 2 65 66 67 68 80,000 79,000 77,000 74.000 Your Answer: Ansar Question 10 (3 points) A 65-year old who is going on a 3 year long trip wishes to purchase travel insurance that, in the event of death in the next 3 years only, pays $150,000 at the end of the year of death. Annual premiums are due at the beginning of each of the 3 years, and the annual effective interest rate is 6%. The insurance company will charge a maintenance fee of 5% of each premium paid, and there will be a $6000 processing fee in the event of death. A segment of the life table for this person is given below. Using equivalence, what would be the annual gross premiums? Answer to the nearest dollar. C 2 65 66 67 68 80,000 79,000 77,000 74.000 Your Answer: Ansar