Question: Problem 3. (10 pts) Let us consider a special discrete 3-year term insurance on an individual (x), and Z denotes its PVRV. It is known
Problem 3. (10 pts) Let us consider a special discrete 3-year term insurance on an individual (x), and Z denotes its PVRV. It is known that Qr+k = 0.02(k+1), k = 0,1, 2 and the annual effective interest rate i = 0.06. The following death benefits bk+1 are payable at the end of the year of death: k01 2 bk+1 300 350 K We know that Var[2] = 10415. What is the value of K? Problem 3. (10 pts) Let us consider a special discrete 3-year term insurance on an individual (x), and Z denotes its PVRV. It is known that Qr+k = 0.02(k+1), k = 0,1, 2 and the annual effective interest rate i = 0.06. The following death benefits bk+1 are payable at the end of the year of death: k01 2 bk+1 300 350 K We know that Var[2] = 10415. What is the value of K
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