Actuarial Exam FM Formulas | 74 Questions and Answers(A+ Solution guide)
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 accumulated amount at time t minus the accumulated amount at time t- 1 all over accumulated amount at time t Accumulation/Amount Function - A(t) = A(0)*a(t) Accumulated amount equals amount at times the accumulation function Simple Interest - a(t) = 1+i*t accumulation function equals 1 plus interest * times t Variable Force of Interest -
Written for
- Institution
- Actuarial FM Formulas
- Course
- Actuarial FM Formulas
Document information
- Uploaded on
- September 16, 2023
- Number of pages
- 11
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers
Subjects
Also available in package deal