PLEASE HELPI WITH ALL OF THEMIExercise 5.20 Consider the following portfolio of annuities-due currentlybeing paid from the assets of a pension fund.AgeNumber of annuitants604070308010Each annuity has an annual payment of $10000. The lives are assumed tobe independent. Assume mortality follows the Standard Ultimate Life Table,with interest at 5% per year. Calculate(a) the expected present value of the total outgo on annuities,(b) the standard deviation of the present value of the total outgo on annu-ities, and(c) the 95th percentile of the distribution of the present value of the total outgoon annuities, using a Normal approximation.

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Answered: Exercise 5.20 Consider the following…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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