in class lecture). You can 1) type out the schedule in Word and upload that file, 2) use Excel and develop a spreadsheet for each schedule and upload your spreadsheet or 3) use a clean sheet of paper and simply write out the schedule with your calculations and scan the paper into an uploadable file into canvas. Problem Nicole, age 25, is considering the purchase of a $20,000 participating ordinary life insurance policy. The annual premium is $248.60. Projected dividends over the first 20 years are $814. The cash value at the end of 20 years is $4,314. If the premiums are invested at 5 percent interest, they will accumulate to $8,631 at the end of 20 years. If the dividends are invested at 5 percent interest, they will accumulate to $1,163 at the end of 20 years. A $1 deposit at the beginning of each year at 5 percent interest will accumulate to $34.719 at the end of 20 years. a. Based on the traditional net cost method, calculate the cost per $1,000 per year. b. Based on the surrender cost index, calculate the cost per $1,000 per year. c. Based on the net payment cost index, calculate the cost per $1,000 per year. in class lecture). You can 1) type out the schedule in Word and upload that file, 2) use Excel and develop a spreadsheet for each schedule and upload your spreadsheet or 3) use a clean sheet of paper and simply write out the schedule with your calculations and scan the paper into an uploadable file into canvas. Problem Nicole, age 25, is considering the purchase of a $20,000 participating ordinary life insurance policy. The annual premium is $248.60. Projected dividends over the first 20 years are $814. The cash value at the end of 20 years is $4,314. If the premiums are invested at 5 percent interest, they will accumulate to $8,631 at the end of 20 years. If the dividends are invested at 5 percent interest, they will accumulate to $1,163 at the end of 20 years. A $1 deposit at the beginning of each year at 5 percent interest will accumulate to $34.719 at the end of 20 years. a. Based on the traditional net cost method, calculate the cost per $1,000 per year. b. Based on the surrender cost index, calculate the cost per $1,000 per year. c. Based on the net payment cost index, calculate the cost per $1,000 per year