23. (5) Insert your answers in the table below. Below is a Net Single Premium calculation table with some cells left blank. Using "Appendix 1: Mortality" and the "Appendix 2: Present Value of 1," (found on page 8) complete the following steps needed to fill in the blank cells and calculate the NSP for a 3-year term life insurance contract issued at age 91 using a 3% interest rate assumption: A. Fill in the titles for the columns that have no titles. Note: the format below uses the longer approach to NSP calculation where total death benefits are determined before pure premium is calculated. If you what to use the shorter method, which involves one less column, that is fine. I can grade it either way B. Insert the appropriate numbers into each cell C. I have placed letters A, B, and C in column 8 to denote the answer to the calculations. You need not spend time calculating the actual values of the column; I know you can do the arithmetic. The purpose of this question is to see if you can set up the problem correctly. Net Single Premium Caleulation EM |#Living @ Value Entry Age no Policy Pres. Face eseu Val. Year spec- ted Bene- of 1 3% Al fits Pate (6 5 (4) 91 $1,000 92 $1,000 93 S1,000 Net Single Premium NSP 23. (5) Insert your answers in the table below. Below is a Net Single Premium calculation table with some cells left blank. Using "Appendix 1: Mortality" and the "Appendix 2: Present Value of 1," (found on page 8) complete the following steps needed to fill in the blank cells and calculate the NSP for a 3-year term life insurance contract issued at age 91 using a 3% interest rate assumption: A. Fill in the titles for the columns that have no titles. Note: the format below uses the longer approach to NSP calculation where total death benefits are determined before pure premium is calculated. If you what to use the shorter method, which involves one less column, that is fine. I can grade it either way B. Insert the appropriate numbers into each cell C. I have placed letters A, B, and C in column 8 to denote the answer to the calculations. You need not spend time calculating the actual values of the column; I know you can do the arithmetic. The purpose of this question is to see if you can set up the problem correctly. Net Single Premium Caleulation EM |#Living @ Value Entry Age no Policy Pres. Face eseu Val. Year spec- ted Bene- of 1 3% Al fits Pate (6 5 (4) 91 $1,000 92 $1,000 93 S1,000 Net Single Premium NSP