Question: 3. [6 marks] Consider Z is defined to be the present value random variable for a n-year endowment policy issued to X with a

3. [6 marks] Consider Z is defined to be the present value random variable for a n-year endowment policy issued to X with a f

3. [6 marks] Consider Z is defined to be the present value random variable for a n-year endowment policy issued to X with a face amount of $1000. Calculate the variance of Z given the following values: a) A, = .2196 b) 2Az+n.2836 = = = .7896 c) A d) 2A z:n 1 x:n = = .5649

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