Question 2 (10 Marks) a. What is a limited payment life insurance policy? 2 marks b. Esther is 35 years old and has purchased a $500,000 face amount, 20-year, limited-payment life insurance policy. The annual premium payable is $6,000. The cash value of her life insurance policy is expected to be $85,000 in 20 years. Using time value of money analysis, and assuming Esther could invest her money elsewhere for a 5% annual interest return, what is the net cost of the insurance? Show all your calculations. 5 marks Find the future value of the following annuity stream: $60,000 received each year for 15 years on the last day of each year if the annuity fund pays 7% compounded annually. Show all your calculations. 3 marks C