Consider the following present value random variable (PVRV) for the benefits under an insurance contract: Z = 30,000v 20

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Consider The Following Present Value Random Variable Pvrv For The Benefits Under An Insurance Contract Z 30 000v 20 1 (85.8 KiB) Viewed 31 times

Consider the following present value random variable (PVRV) for the benefits under an insurance contract: Z = 30,000v 20,000v T ≤ 10 10 < T ≤ 20 T> 20 0 1. Write down a integral formula for the expected present value (EPV) of this contract. 2. Provide two different expressions in terms of standard actuarial functions (i.e. 'A' functions) for the EPV in (b) 3. Using the Standard Ultimate Life Table, calculate the variance of the present value for this contract issued to age 50