Question: 2. Let Y be the present value random variable of a 15-year term annuity-due of 1 issued at (35). Calculate its variance if (a)

2. Let Y be the present value random variable of a 15-year

2. Let Y be the present value random variable of a 15-year term annuity-due of 1 issued at (35). Calculate its variance if (a) 8 5% (b) Mortality follows De Moivre's Law with w = 100

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