Question: (i) Z is the present value random variable for a special life annuity on (25) which provides the following benefits: (a) 2 per year payable

 (i) Z is the present value random variable for a special

(i) Z is the present value random variable for a special life annuity on (25) which provides the following benefits: (a) 2 per year payable continuously while (25) survives; and (b) 10 payable at the moment of death of (25) (ii) 25+t=0.02,t0 (iii) =0.06 Calculate Var[Z]

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