You are given the following information regarding the development of cumulative loss payments: Accident Cumulative paid losses through development Earned Year year premium 0 1 2 3 4 AY 1 200 360 500 700 800 14,000 AY 2 250 400 500 680 15,000 AY 3 300 500 700 16,000 AY 4 400 600 17,000 AY 5 500 18,000 The expected loss ratio is 60%. Calculate the loss reserve using the Bornhuetter-Ferguson method with the volume-weighted average loss development factors. You are given the following information regarding the development of cumulative loss payments: Accident Cumulative paid losses through development Earned Year year premium 0 1 2 3 4 AY 1 200 360 500 700 800 14,000 AY 2 250 400 500 680 15,000 AY 3 300 500 700 16,000 AY 4 400 600 17,000 AY 5 500 18,000 The expected loss ratio is 60%. Calculate the loss reserve using the Bornhuetter-Ferguson method with the volume-weighted average loss development factors