Math Problem Statement
Solve the actuarial question above
Solution
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Math Problem Analysis
Mathematical Concepts
Actuarial Science
Probability Theory
Interest Rates
Formulas
E[Z] = A_x = _{20}A_x + _{20}p_x * v^20
Var(Z) = _{20}A_x - (E[Z])^2
v = 1 / (1 + i)
Theorems
Present Value of Death Benefits
Endowment Insurance Formulas
Suitable Grade Level
Undergraduate (Actuarial Science, Finance)
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