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For a continuous whole life annuity of $1 on (x): (i) T, is the future lifetime random variable for (x). (ii) The force of
For a continuous whole life annuity of $1 on (x): (i) T, is the future lifetime random variable for (x). (ii) The force of interest and force of mortality are constant and equal. (iii) = 12.50. Calculate the variance of this annuity.
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Fundamentals Of Financial Management
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13th Revised Edition
978-0273713630, 273713639
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