Revision as of 00:03, 19 November 2023 by Admin (Created page with "'''Solution: A''' The effective monthly rate is . The accumulated value is <math display = "block"> \begin{align*} 1097 s_{\overline{180}|0.0052617} + 5(Is)_{\overline{180}|0.0052617} \\ 1097(298.733) + 5\frac{\ddot{s}_{\overline{180}|0.0052617}-180}{0.0052617} \\ 327, 710 = 5 \frac{300.3049 -180}{0.0052617}=442, 031 \end{align*} </math> {{soacopyright | 2023 }}")
Exercise
ABy Admin
Nov 19'23
Answer
Solution: A
The effective monthly rate is . The accumulated value is
[[math]]
\begin{align*}
1097 s_{\overline{180}|0.0052617} + 5(Is)_{\overline{180}|0.0052617} \\
1097(298.733) + 5\frac{\ddot{s}_{\overline{180}|0.0052617}-180}{0.0052617} \\
327, 710 = 5 \frac{300.3049 -180}{0.0052617}=442, 031
\end{align*}
[[/math]]
Copyright 2023 . The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.