Revision as of 08:59, 18 November 2023 by Admin (Created page with "'''Solution: A''' To receive 3000 per month at age 65 the fund must accumulate to 3,000(1,000/9.65) = 310,880.83. The equation of value is <math display = "block"> 310,880.83 = X\ddot{s}_{\overline{300}|0.08/12} = 957.36657X \implies 324.72. </math> {{soacopyright | 2023 }}")
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Exercise

ABy Admin
Nov 18'23

Answer

Solution: A

To receive 3000 per month at age 65 the fund must accumulate to 3,000(1,000/9.65) = 310,880.83. The equation of value is

[[math]] 310,880.83 = X\ddot{s}_{\overline{300}|0.08/12} = 957.36657X \implies 324.72. [[/math]]

Copyright 2023 . The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.

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