Revision as of 18:28, 19 November 2023 by Admin (Created page with "'''Solution: B''' The accumulated value is the reciprocal of the price. The equation is X[(1/0.94)+(1/0.95)+(1/0.96)+(1/0.97)+(1/0.98)+(1/0.99)] = 100,000. X= 16,078 {{soacopyright | 2023 }}")
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Exercise

ABy Admin
Nov 19'23

Answer

Solution: B

The accumulated value is the reciprocal of the price. The equation is X[(1/0.94)+(1/0.95)+(1/0.96)+(1/0.97)+(1/0.98)+(1/0.99)] = 100,000. X= 16,078

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

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