Question: Please solve the following problem! Thanks! 245. For a fully discrete 5-payment 10-year deferred 20-year term insurance of 1000 on (30), you are given: (i)

Please solve the following problem! Thanks!

245. For a fully discrete 5-payment 10-year deferred 20-year term insurance of 1000 on (30), you are given: (i) (ii) Expenses are paid at the beginning of each policy year. (iii) The gross premium is determined using the equivalence principle. Which of the following is a correct expression for the gross premium? (A) (10001020A30+20+10a30.191)/(0.95a30570.250.10a30.47) (B) (100010,20A30+20+10a30.191)/(0.85a30.50.15) (C) (10001020A30+20+10a30191)/(0.95a30.50.250.10a30.41) (D) (100010,20A30+20+10a3099)/(0.95a30.570.250.10a30.4) (E) (100010,20A30+20+10a309)/(0.85a3050.15)

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