Revision as of 19:09, 18 November 2023 by Admin (Created page with "'''Solution: B''' <math display = "block"> \begin{aligned} & 16,000=1,000\left(\frac{1}{0.057-(-r / 100)}\right) \\ & 16=\frac{1}{0.057+r / 100} \\ & 0.057+r / 100=\frac{1}{16} \\ & r=0.55\end{aligned} </math> {{soacopyright | 2023 }}")
Exercise
ABy Admin
Nov 18'23
Answer
Solution: B
[[math]]
\begin{aligned} & 16,000=1,000\left(\frac{1}{0.057-(-r / 100)}\right) \\ & 16=\frac{1}{0.057+r / 100} \\ & 0.057+r / 100=\frac{1}{16} \\ & r=0.55\end{aligned}
[[/math]]
Copyright 2023 . The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.