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A special 4 - year endowment insurance is issued on ( 7 0 ) . The death benefit schedule is as follows: table [
A special year endowment insurance is issued on The death benefit schedule is as follows:
tableyearbenefit
You are given:
i Benefits are paid at the end of year.
ii Mortality follows de Moivre's law with
iii
Calculate the variance of this insurance.
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