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Question For a 3-year term annuity-due of 100 per year on (2), you are given: The force of mortality is Matt = 0.05 for t

Question For a 3-year term annuity-due of 100 per year on (2), you are given: The force of mortality is Matt = 0.05 for t > 0. The force of interest is 8+ = 0.04 for t > 0. Y is the present value of annuity payments. Calculate Var (Y). Possible Answers A 1750 B 1950 C 2150 D 2350 E 2550

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