For a 3-year endowment insurance on (a), you are given: i. The death benefit is 1000 payable at the end of the year of death. ii. The endowment benefit is 1000. iii. Pa = 3 for 0≤t≤30 30-t 30 iv. i = 0.04 Calculate Var (Z), where Z is the present value of the insurance benefit. Possible Answers A 195 B 205 C 215 D 225 E 235

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