Actuary fm exam - Study guides, Class notes & Summaries

Actuary FM Exam Questions & Answers 2023/2024 Principal - ANSWER-The amount of money deposited Simple Interest - ANSWER-Interest earned only on the original principal amount invested Compound Interest - ANSWER-interest earned on both the principal amount and any interest already earned I(t) - ANSWER-Amount of interest earned in the t'th period, = A(t) - A(t-1) A(t) - ANSWER-Amount function, amount of money in fund/invested at any time t step function - ANSWER-type of amount ...