Consider a two-year endowment policy with face amount equal to $10,000 for a 50-year-old with an interest rate of 5%. (a)(15%). Using Table 15.3, calculate the net level premium for the two-year endowment policy with face amount equal to $10,000 for a 50-year-old with an interest rate of 5%. (b)(10%). Ignoring expenses, what would be the policy's cash value equal after one year?

The mortality rate in table 15.3 for a 50-year-old is 0.00671