Solve the following microeconomics questions with explanation

(ii) Calculate Augpad according to the following assumptions: 0=0.9 Interest: 4% pa Ultimate mortality: ELT15 (Males) Note that financial functions using ELTIS (Males) mortality are to be found on page 136 of the Tables. [8] [Total 10] Question 1.25 You are given the following select and ultimate mortality table: 51 1.537 1,517 1,502 1,492 1,483 52 1,532 1,512 1.497 1,487 1,477 53 1,525 1,505 1.490 1,480 1.470 54 1.517 1,499 1,484 1,474 1.462 55 1,512 1,492 1,477 1,467 1,453 (i) Calculate the probability that a life selected at age 5 1 and still alive at age 53 will survive to age 55. (ii) Given that a=8.078 when i=0.04, calculate the corresponding select mortality annuity, a "1551761 . Comment on your answer. [5] [Total 6]Question 1.22 A select table is to be constructed with select period two years added to the ELT15 table (Males). which is to be treated as the ultimate table. Select rates are to be derived by applying the same ratios select:ultimate seen in the AM92 table, thus -4x+1 4x 4x+1 where the dash notation q refers to AM92 mortality. Find the value of 150]. (3] Question 1.23 If log = 1.000 and lag+s = lag - it for 1 =1.2. ....10, calculate the value of Anga at 6% pa interest. (3] Question 1.24 In a mortality table with a one-year select period qypzag, for all x 20 and for a certain constant 0