Revision as of 14:31, 19 November 2023 by Admin (Created page with "'''Solution: C''' <math display="block"> \begin{aligned} & 10,000=P a_{\overline{20} \mid 0.015} \\ & P=582.46 \\ & O B_4=582.46 a_{\overline{16} \mid 0.015} \\ & O B_4=8230.86 \end{aligned} </math> Remaining payments total: <math display="block"> \begin{aligned} & 16(582.46)=9319.32 \\ & 9319.32-8230.86=1088.46 \end{aligned} </math> {{soacopyright | 2023 }}")
Exercise
ABy Admin
Nov 19'23
Answer
Solution: C
[[math]]
\begin{aligned}
& 10,000=P a_{\overline{20} \mid 0.015} \\
& P=582.46 \\
& O B_4=582.46 a_{\overline{16} \mid 0.015} \\
& O B_4=8230.86
\end{aligned}
[[/math]]
Remaining payments total:
[[math]]
\begin{aligned}
& 16(582.46)=9319.32 \\
& 9319.32-8230.86=1088.46
\end{aligned}
[[/math]]
Copyright 2023 . The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.