X The Time Zone ( X u Microsoft Excel X Google Maps X M Inbox (1,042) - j X Order | EssayBo> X PDE FIN320 Final Exc X Homework Help X + O File | C:/Users/HP/Downloads/FIN320%20Final%20Exam%20Paper.pdf . . . 3 of 4 + A' Read aloud I Draw Highlight v & Erase Suppose you are an actuarial consultant hired to determine life insurance premiums in the fictional country of Zamunda. Owing to continuing warfare, the mortality rate in the country is extremely high. For all of the following calculations use the mortality table given below, assume the relevant discount rate is 4%. Mortality Table (Males) Number Number Deaths Age Alive Dying per 1000 28 100,000 30 3.00 29 99,700 320 3.21 30 99.380 340 3.42 31 99,040 360 3.63 32 98,680 380 3.85 33 98,300 400 4.07 34 97,900 420 4.29 35 97,480 440 4.51 Present Value of $1 at 4% Year actor 0.9615 0.9246 A W N- 0.8890 0.8548 Required: a) Calculate the premium per $1,000 of coverage on a one-year term policy for a 30-year old male. Show all working. (3 marks) b) Calculate the net single premium per $1,000 of coverage on a three-year term policy for a 30-year old male. Show all working. (10 marks) c) Calculate the net level premium per $1,000 of coverage on a three-year term policy for a 30-year old male. Show all working. (7 marks) 5:13 AM Type here to search m ENG 11/23/2020