Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 04, 2024

(2) Z is the present value random variable for a pure endowment of 1000 payable at the end of 20 years if a life aged

(2) Z is the present value random variable for a pure endowment of 1000 payable at the end of 20 years if a life aged 40 survives. If mortality follows the Illustrative Life Table and i = 0.06, calculate Var(Z). (Ans 10,326.19)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Matrix Analysis With Applications

Authors: Edward Barry Saff, Arthur David Snider

1st Edition

111895369X, 9781118953693

More Books

Students also viewed these Mathematics questions

Question

★★★★★

Write notes on the management science school approach to management.

Answered: 1 week ago

Question

★★★★★

A lot of small companies file their tax returns as a 1040 Sch C (Sole Proprietor) Since corporate tax rates are lower than Individual tax rates, doesn't it make sense to create a corporation, and...

Answered: 1 week ago

Question

★★★★★

=+b) Does giving children a flu shot protect parents? Researchers questioned a random sample of families at the end of a flu season. They asked whether the children had been immunized, whether the...

Answered: 1 week ago

Question

★★★★★

Lawlor, Inc. is the manufacturer of lawn care equipment. The company incurs the following costs while manufacturing weed trimmers: Shaft and handle of weed trimmer Motor of weed trimmer Factory...

Answered: 1 week ago

Question

★★★★★

i need answer and explanation

Answered: 1 week ago

Question

★★★★★

Bandar Industries manufactures sporting equipment. One of the company's products is a football helmet that requires special plastic. During the quarter ending June 3 0 , the company manufactured 3 ,...

Answered: 1 week ago

Question

★★★★★

Pick and product/service and trace the supply chain requirements from source to consumer. Consider the following: 1. Identify the ingredients: Find out where they are sourced. 2. Show physical...

Answered: 1 week ago

Question

★★★★★

A physician chooses to create different revenue accounts for physical examinations, office visits, and office surgical procedures. What advantage does this have over creating a combined revenue...

Answered: 1 week ago

Question

★★★★★

A FI has a $100 million portfolio of six-year Eurodollar bonds that have an 8 percent coupon. The bonds are trading at par and have a duration of five years. The FI wishes to hedge the portfolio with...

Answered: 1 week ago

Question

★★★★★

AstraZeneca is a British-Swedish multinational pharmaceutical and biotechnology company with its headquarters at the Cambridge Biomedical Campus in Cambridge, England. It wants to manufacture...

Answered: 1 week ago

Question

★★★★★

CS Publishing inc: Foreign exchange rate risk management case study Why is CS Pub changing its business model? what are pros and cons of making these changes?

Answered: 1 week ago

Question

★★★★★

1. Discuss the following statements: a) Mastery is not the same as understanding. b) Being bigger than is not the same as being the thing that is bigger. c) The difference between order and disorder...

Answered: 1 week ago

Question

★★★★★

5. It is the needs of the individual that are important.

Answered: 1 week ago

Question

★★★★★

6. It is what the person has previously done for the group that is the deciding factor.

Answered: 1 week ago

Previous Question Next Question