Revision as of 15:38, 19 November 2023 by Admin (Created page with "'''Solution: C''' <math display="block"> \begin{aligned} & O B_{12}=1000 a_{\overline{24}|0.0075}=21,889.15 \\ & 21,889.15=2000 a_{\overline{n}| 0.0075} \\ & n=11.46 \end{aligned} </math> Drop payment will be made at the <math>12^{\text {th }}</math> month. {{soacopyright | 2023 }}")
Exercise
ABy Admin
Nov 19'23
Answer
Solution: C
[[math]]
\begin{aligned}
& O B_{12}=1000 a_{\overline{24}|0.0075}=21,889.15 \\
& 21,889.15=2000 a_{\overline{n}| 0.0075} \\
& n=11.46
\end{aligned}
[[/math]]
Drop payment will be made at the [math]12^{\text {th }}[/math] month.
Copyright 2023 . The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.