Question: Let Y be the present value random variable for a continuous whole life annuity of 1 per year on (40), you are given: - Mortality

Let Y be the present value random variable for a continuous whole life annuity of 1 per year on (40), you are given: - Mortality follows DeMoivre's Law with w = 120. - 6 = 0.05 Calculate the 75th percentile of the distribution of Y. (8 marks)

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