nth An annuity provides for an initial payment of $1 on the date of purchase and subsequent annual payments that increase by $1 each year until they reach the amount $n in the year. Thereafter they remain constant for life. You are given: Mortality can be represented by the function: 1, = 100 (100 - x) The above annuity with n = 2 is purchased at age 97 v = iti = 0.9 Y is the present value random variable of this annuity. Calculate Var (Y). nth An annuity provides for an initial payment of $1 on the date of purchase and subsequent annual payments that increase by $1 each year until they reach the amount $n in the year. Thereafter they remain constant for life. You are given: Mortality can be represented by the function: 1, = 100 (100 - x) The above annuity with n = 2 is purchased at age 97 v = iti = 0.9 Y is the present value random variable of this annuity. Calculate Var (Y)