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#91




Hello everyone,
Would I have enough time to study for the spring LTAM sitting if I started studying today? I will not be working the next month, and then I will be starting a new job that I will not have study hours to use. I do not have much going on in that month off, so most of that time would be devoted to studying. Thank you in advance 
#92




I'm confused how a solution is calculating an annuity due with delta = .04. In the solution, they have the PV of the annuity equal to (1e^.04*T) / (.04/1.04). Is this incorrect? Shouldn't it be divided by just (1e^.04)?
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#93




Quote:
What you wrote as the solution is weirdthe numerator looks as though you're dealing with a continuous annuity with delta = 0.04, while the denominator looks like an annuitydue with i = 0.04. Your suggestion of dividing by (1e^.04) would have you dividing by i if delta = 0.04.
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Jim Daniel Jim Daniel's Actuarial Seminars www.actuarialseminars.com jimdaniel@actuarialseminars.com 
#94




The problem is from ASM MLC 15th edition (4th printing) question 31.3.
That was a typo, I meant I think it should be divided by (1e^0.04) = d
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VEE: FAP: FSA Mods: Favorite Beer: M43 Last edited by Chappy; 02162019 at 01:57 PM.. 
#96




Okay, thanks! I have another question. This is just a concept check but the problem I have a question about is 38.1.
For a fully continuous 3year endowment insurance on (x) premiums are determined by the equivalence principle. Calculate Var(2L  T >=2 ). If this was a fully discrete problem, the answer would be zero correct?
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#97




Quote:
No other chances of nothing. End of deal. No variation. Bada Bing Bada Boom. You die or you live but you still get the dough.
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Former Disney World Cast Member, currently no idea what I'm doing "I think you should refrain from quoting yourself. It sounds pompous."  SweepingRocks 
#98




Hows everyone doing on studying? Im currently on multiple lives and will try and finish before the end of march to give a full month of practice but I feel like times running out fast.
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#100




Quote:
I would say go for it, and if you aren't comfortable with the entire course by the registration deadline (march 25) then pass on this sitting and you'll have a head start for October. The sooner you can finish an exam the better.
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