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For Experts in Actuarial Sciences: Y is the present value random variable of a whole life annuity-due of 1 issued to (x). You are given:

For Experts in Actuarial Sciences:

Y is the present value random variable of a whole life annuity-due of 1 issued to (x).

You are given:

(i) x = 10

(ii) 2x = 6 (left superscript 2 indicates twice the force of interest)

(iii) i = 1/24

Calculate the variance of Y. (Ans 106)

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