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2. For a whole life annuity-due of $1000 per year, payable annually in advance, issued to (60), you are given that lx = 120
2. For a whole life annuity-due of $1000 per year, payable annually in advance, issued to (60), you are given that lx = 120 x for 0 < x < 120. i = 0.06. Let Y denote the present value random variable of the annuity. (a) Calculate E[Y]. (b) Calculate Var(Y).
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Whole life per year annuity amount 1x 120X 0 x 120 c 006 1000X 120x X 006 100 0...
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Introduction to Probability
Authors: Mark Daniel Ward, Ellen Gundlach
1st edition
716771098, 978-1319060893, 1319060897, 978-0716771098
