Exam (elaborations)
Actuarial Exam FM Formulas | 74 Questions and Answers(A+ Solution guide)
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Effective Rate of Interest - i_t= [(A(t)-A(t-1)]/A(t-1) effective rate of interest equals accumulated amount at time t minus the accumulated amount at time t- 1 all over accumulated amount at time t-1 Effective Rate of Discount - d_t= [(A(t)-A(t-1)]/A(t) effective rate of interest equals accumu...
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