need correctly 4) Frank Reynolds is a bar owner who recently turned 50. He decides to buy $90,000 ofcontinuous whole life insurance under the following assumptions:i) µ50+t = 0.06 for all tii) 8 = 0.05Calculate the variance of this insurance.А. 49,091В. 2,091,942C. 627,582,645D. 3,037,500,000E. None of above.

Given: S = 90000 μ50+t=0.06δ=0.05

Answered: Frank Reynolds is a bar owner who…

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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Frank Reynolds is a bar owner who recently turned 50. He decides to buy $90,000 of continuous whole life insurance under the following assumptions: i) µ50+t = 0.06 for all t ii) 8 = 0.05 Calculate the variance of this insurance. A. 49,091