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Your present value is 100,000 and your period is 10 years From Year 1 till Year 10 there is no interest rate charged From Year

Your present value is 100,000 and your period is 10 years

From Year 1 till Year 10 there is no interest rate charged

From Year 11 till Year 25 there is an interest of 20% charged

However, in year 25 bonus of 2.5% is also charged

Required:

i) Calculate the Annual Insurance Premium

ii) Future value for 10 years of BSP Life Insurance Bula Prime

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