Financial markets homework help

Dr Lin, aged 35, takes out a pure endowment policy, which will pay a survival benefit of £60,000 if he survives to age 55. Assume an effective interest rate of 4% per annum and mortality given by the AMC00 Select Table.
(a) What is the cost of the endowment policy?
(b) Dr Lin plans to use the survival benefit to purchase a whole-life annuity paying a monthly amount in advance. How much are the monthly payments

 

"Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!"