Given that the correct answer is: 212.77

Exercise 6.7 Determine the annual premium for a 20 -year term insurance with sum insured $100000 payable at the end of the year of death, issued to a select life aged 40 with premiums payable for at most 10 years, with expenses, which are incurred at the beginning of each policy year, as follows: Assume that mortality follows the Standard Select Life Table and use an interest rate of 5% per year