Using a spreadsheet tool, calculate the risk premium (to 2 decimal places) for a single policyholder for a whole of life product for a 40 year old which provides a claim of $400,000 at the end of the year of death of the policyholder. Assume an interest rate of 6% per annum (i.e. the mean interest rate in the scenario) and that mortality rates follow the Australian Life Tables 2010-12 (female rates). Use this link and not the link under Video 6.1, as the age 109 mortality rate has been changed to 100% to ensure that everyone dies and receives an insurance payout