Revision as of 00:42, 19 November 2023 by Admin (Created page with "'''Solution: B''' The monthly interest rate is <math display = "block"> j = (1.08)^{1/12}-1 = 0.643\%. </math> Then, <math display = "block"> 20.000S_{\overline{3}|0.08}=X \ddot{s}_{\overline{252}|0.00643}\quad90,122.24=630.99X,\quad X=142.83. </math> {{soacopyright | 2023 }}")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

Exercise


ABy Admin
Nov 19'23

Answer

Solution: B

The monthly interest rate is

[[math]] j = (1.08)^{1/12}-1 = 0.643\%. [[/math]]

Then,

[[math]] 20.000S_{\overline{3}|0.08}=X \ddot{s}_{\overline{252}|0.00643}\quad90,122.24=630.99X,\quad X=142.83. [[/math]]

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

00