Revision as of 15:42, 19 November 2023 by Admin (Created page with "'''Solution: E''' <math display="block"> \begin{aligned} & 3400=240 a_{\overline{n} | 0.045} \\ & n=23.05 \end{aligned} </math> Use 23 for the number of full payments of <math>240 . X</math> will be paid at time 24 . <math display="block"> \begin{aligned} & 3400=240 a_{\overline{23}| 0.045}+X v^{24} \\ & 3400=3395.47+X v^{24} \\ & 4.53=X v^{24} \\ & X=13.04 \end{aligned} </math> {{soacopyright | 2023 }}")
Exercise
ABy Admin
Nov 19'23
Answer
Solution: E
[[math]]
\begin{aligned}
& 3400=240 a_{\overline{n} | 0.045} \\
& n=23.05
\end{aligned}
[[/math]]
Use 23 for the number of full payments of [math]240 . X[/math] will be paid at time 24 .
[[math]]
\begin{aligned}
& 3400=240 a_{\overline{23}| 0.045}+X v^{24} \\
& 3400=3395.47+X v^{24} \\
& 4.53=X v^{24} \\
& X=13.04
\end{aligned}
[[/math]]
Copyright 2023 . The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.