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Question 3 (Nov 2004 #40) For a special 3-year temporary life annuity-due on (x), you are given: (i) t Px+t Annuity Payment 15 20 0

Question 3 (Nov 2004 #40) For a special 3-year temporary life annuity-due on (x), you are given: (i) t Px+t Annuity Payment 15 20 0 1 0.95 0.9 0.85 2 25 (ii) i = 0.06 Calculate the variance of the present value random variable for this annuity

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