Revision as of 14:50, 19 November 2023 by Admin (Created page with "'''Solution: D''' <math display = "block"> \begin{aligned} & 1.06=\left[1+\frac{i^{(4)}}{4}\right]^4 \\ & \frac{i^{(4)}}{4}=0.014674 \\ & 50,000(1.014674)^5=2,125 a_{\overline{n}|} \\ & n=31.86 \end{aligned} </math> There will be 31 payments of 2125 . {{soacopyright | 2023 }}")
Exercise
ABy Admin
Nov 19'23
Answer
Solution: D
[[math]]
\begin{aligned}
& 1.06=\left[1+\frac{i^{(4)}}{4}\right]^4 \\
& \frac{i^{(4)}}{4}=0.014674 \\
& 50,000(1.014674)^5=2,125 a_{\overline{n}|} \\
& n=31.86
\end{aligned}
[[/math]]
There will be 31 payments of 2125 .
Copyright 2023 . The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.