SituationParticipating ordinary life policy for $10,000 is sold to an individual, age 35. The following cost data are given: Annual premium is $230Total dividends for 20 years is $1613Cash value at end of 20 years is $3620Accumulated value of the annual premiums at 5 percent for 20 years .is $7985Accumulated value of the dividends at 5 percent for 20 years is $2352Amount to which $1 deposited annually at the beginning of each year will accumulate in 20 years at 5 percent is $34.719 Write a 1500 word Paper answering questions below & show all workCalculate the annual net cost per $1000 of life insurance at the end of 20 years using the traditional net cost method.Calculate the annual surrender cost index per $1000 of life insurance at the end of 20 years. Calculate the annual net payment cost index per $1000 of life insurance at the end of 20 years. Must Explain and Show all work