Question: Calculate Var(Z). Given: (i) Z is the present value random variable for a whole life insurance of 1 payable at the end of the year

Calculate Var(Z).

Given: (i) Z is the present value random variable for a whole

Given: (i) Z is the present value random variable for a whole life insurance of 1 payable at the end of the year of death. (ii) Px = 0.94 for all t (iii) i = 0.07

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