Question: Let Z be the random present value variable for a 4-year decreasing term insurance on (96) with benefits payable at the end of the year

Let Z be the random present value variable for a 4-year decreasing term insurance on (96) with benefits payable at the end of the year of death. Mortality follows the table below and annual effective interest is i = 0.05 dx 95 96 97 98 99 Life Table IX 200 180 160 130 90 20 20 30 40 90 Calculate P(Z > (DA) %5:17) a) 0.5000 b) 0.1667 c) 0.1111 d) 0.2778 e) 0.3500 Let Z be the random present value variable for a 4-year decreasing term insurance on (96) with benefits payable at the end of the year of death. Mortality follows the table below and annual effective interest is i = 0.05 dx 95 96 97 98 99 Life Table IX 200 180 160 130 90 20 20 30 40 90 Calculate P(Z > (DA) %5:17) a) 0.5000 b) 0.1667 c) 0.1111 d) 0.2778 e) 0.3500
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