Exercise


ABy Admin
Nov 19'23

Answer

Solution: A

The effective monthly rate is . The accumulated value is

[[math]] \begin{align*} 1097 s_{\overline{180}|0.0052617} + 5(Is)_{\overline{180}|0.0052617} \\ 1097(298.733) + 5\frac{\ddot{s}_{\overline{180}|0.0052617}-180}{0.0052617} \\ 327, 710 = 5 \frac{300.3049 -180}{0.0052617}=442, 031 \end{align*} [[/math]]

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

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