Question $1$

Bram must cheose between two alsernatives for $$1,000,000$ of hfe ingarance coverage for the next ten years. The premium qaoted to him by Sun Life Co$.$ is $$51\mathrm{.}75$ per month. Atlantic life will charge $$44\mathrm{.}25$ per month for the first five years and $$60\mathrm{.}35$ per month for the subsequent five years. In boch cases, monthly premiurns are payable at the beginning of each month. Which policy is "cheaper" if moncy can carn $4\mathrm{.}8\%$ compounded monthly? In curtent dollars, bow much will Bram save by choosing the less cootly policy?

Please provide formulas, ans calculator steps