Liam​ O'Kelly is 20 years old and is thinking about buying a term life insurance policy with his wife as the beneficiary. The quoted annual premium for Liam is ​$ per thousand dollars of insurance coverage. Because Liam wants a ​$ policy​ (which is 2.5 times his annual​ salary), the annual premium would be ​$​, with the first payment due immediately​ (i. e., at age​ 21). A friend of​ Liam's suggests that the ​$ annual premium should be deposited in a good mutual fund rather than in the insurance policy.​ "If the mutual fund earns ​% per​ year, you can become a millionaire by the time you retire at age​ 65," the friend advises. LOADING... Click the icon to view the interest and annuity table for discrete compounding when i​% per year. a. Is the​ friend's statement really​ true? The future value of annual premiums deposited in a good mutual fund is ​$ nothing.​ (Round to the nearest​ dollar.)