Consider a five-year term life insurance policy with face amount equal to $100,000 for a 40-year-old with an interest rate of 10%.

(a) calculate the single premium for the five-year term life insurance policy with face amount equal to $100,000 for a 40-year-old with an interest rate of 10%.

(b). Ignoring expenses, what would be the policy's expected balance (i.e., value or a sum which should be in the account) equal after two years