5. Assume d = 0.06 and let the force of mortality be given by 0.04, 0

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5.
Assume = 0.06 and let the force of mortality be given by
0.04,
0 < t < 20
{
0.05, 20 <t.
50+t
=
Let Y denote the present value random variable of a continuous whole life annuity for
(50). Calculate the mean as well as the 95-th percentile of Y.
Transcribed Image Text:5. Assume = 0.06 and let the force of mortality be given by 0.04, 0 < t < 20 { 0.05, 20 <t. 50+t = Let Y denote the present value random variable of a continuous whole life annuity for (50). Calculate the mean as well as the 95-th percentile of Y.
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