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revAdmin (Created page with "'''Answer: A''' There is no change in the EPV of future benefits or of future gross premiums. Each year that a premium is due, the expense changes by <math>(3 \%-2 \%)</math> of 16 , or 0.16 . Since at the end of year 10 , the insured is 60 with 20 remaining premiums, the EPV of future expense rises by <math>0.16 \ddot{a}_{60: \overline{20}}=0.16(12.3816)=1.981</math> The new reserve is <math>110+1.981=112</math> {{soacopyright|2024}}")Jan 20'24 at 3:14+442