Revision as of 13:27, 20 November 2023 by Admin (Created page with "'''Solution: A''' <math display = "block"> 121,212=123,000\bigg(\frac{1.05}{1.054}\bigg)^{D_{MAC}}\Rightarrow D_{MAC}=\frac{\ln(121,212/123,000)}{\ln(1.05/1.054)}=3.851 </math> Then <math>D_{MOD} = 3.8512 /1.05 = 3.67</math> {{soacopyright | 2023 }}")
Exercise
Nov 20'23
Answer
Solution: A
[[math]]
121,212=123,000\bigg(\frac{1.05}{1.054}\bigg)^{D_{MAC}}\Rightarrow D_{MAC}=\frac{\ln(121,212/123,000)}{\ln(1.05/1.054)}=3.851
[[/math]]
Then [math]D_{MOD} = 3.8512 /1.05 = 3.67[/math]
Copyright 2023 . The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.