Revision as of 12:47, 19 November 2023 by Admin (Created page with "'''Solution: B''' <math display = "block"> \begin{aligned} & \frac{i^{(12)}}{12}=1.08^{1 / 12}-1=0.006434 \\ & 600=P(1 / 1.006434)^{120-6+1} \\ & P=1254.47 \\ & P_{24}=1254.47 v^{120-24+1}=673.42\end{aligned} </math> {{soacopyright | 2023 }}")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

Exercise


ABy Admin
Nov 19'23

Answer

Solution: B

[[math]] \begin{aligned} & \frac{i^{(12)}}{12}=1.08^{1 / 12}-1=0.006434 \\ & 600=P(1 / 1.006434)^{120-6+1} \\ & P=1254.47 \\ & P_{24}=1254.47 v^{120-24+1}=673.42\end{aligned} [[/math]]

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

00