Revision as of 00:03, 22 November 2023 by Admin (Created page with "'''Solution: E''' Deposit: 20,000 i for 4 years quarterly 3i after the 4 years monthly 80,000 after 14 years First find i: 80,000 = 20,000(1 + i/4)16(1 + 3i/12)108 4 = (1 + i/4)136 i = .045 After 3 years: 20,000(1 + i/4)12 = $22,603.53 {{cite web |url=https://digitalcommons.calpoly.edu/cgi/viewcontent.cgi?article=1008&context=statsp |last=Hardiek |first=Aaron |date=June 2010 |website=digitalcommons.calpoly.edu | title = Study Questions for Actuarial Exam 2/FM...")
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Exercise

ABy Admin
Nov 22'23

Answer

Solution: E

Deposit: 20,000

i for 4 years quarterly

3i after the 4 years monthly

80,000 after 14 years

First find i:

80,000 = 20,000(1 + i/4)16(1 + 3i/12)108 4 = (1 + i/4)136 i = .045

After 3 years:

20,000(1 + i/4)12 = $22,603.53


Hardiek, Aaron (June 2010). "Study Questions for Actuarial Exam 2/FM". digitalcommons.calpoly.edu. Retrieved November 20, 2023.

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