Revision as of 12:12, 18 November 2023 by Admin (Created page with "'''Solution: D''' Equating present values gives <math display = "block"> \begin{aligned} \frac{5000}{1.04^{10}}=X\left[1-\left(\frac{1.092}{1.04}\right)^{10}\right] \\ 3377.82 = X(12.094127) \\ X = 279.29 \end{aligned} </math> {{soacopyright | 2023 }}")
Exercise
ABy Admin
Nov 18'23
Answer
Solution: D
Equating present values gives
[[math]]
\begin{aligned}
\frac{5000}{1.04^{10}}=X\left[1-\left(\frac{1.092}{1.04}\right)^{10}\right] \\
3377.82 = X(12.094127) \\
X = 279.29
\end{aligned}
[[/math]]
Copyright 2023 . The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.