Exam (elaborations)
SOA Exam FM Q&A
- Course
- Institution
Value of $1.00 in a fund at a given time Given by accumulation function a(t) Note that a(0) = 1 Amount function: A_k(t) = k * a(t); represents value of investment of k dollars - Answer- Accumulated Value, Accumulation Function, Amount Function i_t = [A(t) - A(t - 1)]/A(t - 1) Note that A(t) ...
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