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Search: Posts Made By: Academic Actuary
Forum: Non-Actuarial Topics 07-02-2019, 02:48 PM
Replies: 250
Views: 3,229
Posted By Academic Actuary
The Graduator (only of interest to those that...

The Graduator (only of interest to those that took Graduation)

The financial implications of Love and Death and other contingencies
Forum: Careers - Employment 06-18-2019, 01:49 AM
Replies: 73
Views: 6,309
Posted By Academic Actuary
Did he start taking exams in his mid 30s? I am...

Did he start taking exams in his mid 30s? I am just being realistic. I have probably had discussions with at over 20 individuals in similar circumstances who come to me for a path to becoming an...
Forum: Careers - Employment 06-17-2019, 08:50 PM
Replies: 73
Views: 6,309
Posted By Academic Actuary
It's not the school but what you need to get in. ...

It's not the school but what you need to get in. I assume you had a Math SAT of at least 750. I have found SATs to be a good indicator of potential and amount of effort necessary to pass, at least...
Forum: Careers - Employment 06-17-2019, 08:21 PM
Replies: 73
Views: 6,309
Posted By Academic Actuary
Big difference between you and most 30+ year old...

Big difference between you and most 30+ year old aspiring career changers both in terms of intellect and educational background. Out of curiosity did you go to Yale?
Forum: Careers - Employment 06-17-2019, 12:57 AM
Replies: 73
Views: 6,309
Posted By Academic Actuary
I would also like to know what your academic...

I would also like to know what your academic background was. If you started learning calculus after age 30 I am totally impressed.
Forum: Sports 06-16-2019, 08:35 PM
Replies: 104
Views: 3,819
Posted By Academic Actuary
With Lebron 35 at the end of next season it makes...

With Lebron 35 at the end of next season it makes sense to be in a win now mode.
Forum: Sports 06-16-2019, 04:58 PM
Replies: 104
Views: 3,819
Posted By Academic Actuary
www.basketballinsiders.com/history-of-the-nba-draf...

www.basketballinsiders.com/history-of-the-nba-draft-by-pick/history-of-the-nba-draft-pick-number-4/

Also seems to have been a lot of mediocre players picked at 4 recently.
Forum: Careers - Employment 06-16-2019, 01:23 PM
Replies: 73
Views: 6,309
Posted By Academic Actuary
Out of curiosity what was your university based...

Out of curiosity what was your university based education. I know lots of people who switched into actuarial in their 30's with Masters degrees in fields like Mathematics, Statistics or Physics. I...
Forum: Financial Mathematics 06-14-2019, 09:26 PM
Replies: 6
Views: 426
Posted By Academic Actuary
He purchased an annuity immediate at time two. ...

He purchased an annuity immediate at time two. The annuity made the first payment at the end of the year which is time three.
Forum: Financial Mathematics 06-14-2019, 09:22 PM
Replies: 122
Views: 4,577
Posted By Academic Actuary
Money market funds values do not change with...

Money market funds values do not change with changes in interest rates as they earn the prevailing interest rate (in practice money market funds can hold instruments with maturities up to a year so...
Forum: Financial Mathematics 06-12-2019, 12:01 PM
Replies: 122
Views: 4,577
Posted By Academic Actuary
His answer is based upon converting the yield...

His answer is based upon converting the yield curve given in terms of spot rates into forward rates. To accumulate the amount you take out loans of one and two years to be repaid with annuity...
Forum: Financial Mathematics 06-11-2019, 11:54 PM
Replies: 122
Views: 4,577
Posted By Academic Actuary
With the house you pay for the house completely...

With the house you pay for the house completely at the time of purchase. As most people don't have that amount of cash they borrow a large part of the purchase price. You can lock in your payments...
Forum: Financial Mathematics 06-09-2019, 08:24 PM
Replies: 122
Views: 4,577
Posted By Academic Actuary
Forecast the actual earnings, don't use 10. You...

Forecast the actual earnings, don't use 10. You have discounted for one too many years as the dividend discount formula uses the dividend at the end of the year.
Forum: Financial Mathematics 06-08-2019, 10:40 PM
Replies: 122
Views: 4,577
Posted By Academic Actuary
What is the source of this problem? Is it one of...

What is the source of this problem? Is it one of the sample SOA problems? If not it could have been a misstatement as the B5|8% should be referred to as the amortized or sometimes book value of the...
Forum: Financial Mathematics 05-31-2019, 10:16 PM
Replies: 122
Views: 4,577
Posted By Academic Actuary
Are you using v based upon one month.

Are you using v based upon one month.
Forum: Financial Mathematics 05-30-2019, 10:35 PM
Replies: 122
Views: 4,577
Posted By Academic Actuary
The equation you have to solve is .5 =...

The equation you have to solve is .5 = v^(120-k+1)

You can use logarithms or use the calculator with PV = .5 and FV = -1 and cpt N and solve for k.

You will get a non integer value so the...
Forum: Financial Mathematics 05-30-2019, 10:19 AM
Replies: 4
Views: 392
Posted By Academic Actuary
The first definition allows for the force to vary...

The first definition allows for the force to vary over time. It is the most general formula. If you assume a constant effective rate of interest:

A'(t)/A(t) = [(1+i)^t]'/(1+i)^t = ln(1+i)
...
Forum: Financial Mathematics 05-28-2019, 12:43 AM
Replies: 122
Views: 4,577
Posted By Academic Actuary
If you study finance, you learn that NPV is...

If you study finance, you learn that NPV is always the preferred method of project evaluation.
Forum: Long-Term Actuarial Math 05-28-2019, 12:35 AM
Replies: 39
Views: 4,675
Posted By Academic Actuary
We messed up. You are correct in your original...

We messed up. You are correct in your original equation.
Forum: Long-Term Actuarial Math 05-27-2019, 11:59 PM
Replies: 39
Views: 4,675
Posted By Academic Actuary
Once the life has attained age x+s the pdf...

Once the life has attained age x+s the pdf uniform (0, 1-s). I always found it easier to think in terms of a cohort and use d's and l's. Over any time interval t within the given age the number of...
Forum: Long-Term Actuarial Math 05-27-2019, 10:40 PM
Replies: 39
Views: 4,675
Posted By Academic Actuary
It would be true if you were assuming constant mu...

It would be true if you were assuming constant mu between integral ages. Under UDD the force of mortality is increasing so the value on the right hand side would be larger.
Forum: Financial Mathematics 05-27-2019, 10:25 PM
Replies: 122
Views: 4,577
Posted By Academic Actuary
Initial value and deposits will have the same...

Initial value and deposits will have the same sign as will withdrawals and ending value. Whether you call it an inflow or outflow depends on whether you are looking from the perspective of the fund...
Forum: Financial Mathematics 05-27-2019, 09:53 PM
Replies: 122
Views: 4,577
Posted By Academic Actuary
The initial value and deposits are outflows,...

The initial value and deposits are outflows, while the withdrawal and ending values are inflows. By IRR I assume it means using compound interest as if you used simple interest it is the same as...
Forum: Financial Mathematics 05-27-2019, 09:40 PM
Replies: 122
Views: 4,577
Posted By Academic Actuary
One mistake is your dollar weighted formula has...

One mistake is your dollar weighted formula has the withdrawal after 10 and not 11 months. The more significant mistake is your time weighted formula should us the fund value prior to the withdrawal.
Forum: Financial Mathematics 05-27-2019, 05:15 PM
Replies: 122
Views: 4,577
Posted By Academic Actuary
The $10 dividend should have a negative sign. It...

The $10 dividend should have a negative sign. It is a payment from the fund to you. If i is the effective annual rate you would have 100(1+i)^2 - 40(1+i) = 180.
Showing results 1 to 25 of 300

 

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