For a special single premium 2-year endowment insurance on (x), you are given: (i) Death benefits, payable at the end of the year of death, are: . b1 = 3000 b2 = 2000 (ii) The maturity benefit is 1000. (iii) Expenses, payable at the beginning of the year: a. Taxes are 2% of the gross premium b. Commissions are 3% of the gross premium. c. Other expenses are 15 in the first year and 2 in the second year. (iv) i = 0.04 (V) Px = 0.9, Pr+1 = 0.8 Calculate the single gross premium using the equivalence principle. For a special single premium 2-year endowment insurance on (x), you are given: (i) Death benefits, payable at the end of the year of death, are: . b1 = 3000 b2 = 2000 (ii) The maturity benefit is 1000. (iii) Expenses, payable at the beginning of the year: a. Taxes are 2% of the gross premium b. Commissions are 3% of the gross premium. c. Other expenses are 15 in the first year and 2 in the second year. (iv) i = 0.04 (V) Px = 0.9, Pr+1 = 0.8 Calculate the single gross premium using the equivalence principle