For a 3-year term insurance of 1000 on (r), you are given: i. The death benefit is payable at the end of the year of death. ii. d = 0.04 for t > 0 iii. Hr+t - 0.06 for t≥ 0 Calculate Var (Z), where Z is the present value of the insurance benefit. Possible Answers B A 110400 112900 C 115400 D 117900 E 120400

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For a 3-year term insurance of 1000 on (r), you are given:
i. The death benefit is payable at the end of the year of death.
ii. d = 0.04 for t≥ 0
111. Ar+f
-
Calculate Var (Z), where Z is the present value of the insurance benefit.
B
0.06 for t > 0
Possible Answers
C
110400
112900
115400
D 117900
E 120400
Transcribed Image Text:For a 3-year term insurance of 1000 on (r), you are given: i. The death benefit is payable at the end of the year of death. ii. d = 0.04 for t≥ 0 111. Ar+f - Calculate Var (Z), where Z is the present value of the insurance benefit. B 0.06 for t > 0 Possible Answers C 110400 112900 115400 D 117900 E 120400
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