Actuarial Outpost Fall 2018 LTAM Progress Thread
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#161
09-03-2018, 01:25 PM
 Changda SOA Join Date: Jun 2016 Posts: 21

For WA.5 can someone explain to me how the solution in part B has 84 in the EPV of expenses section? I thought the initial expense was 100 so how did they get from that to 84?
#162
09-03-2018, 02:14 PM
 MathDoctorG Member Non-Actuary Join Date: Nov 2010 Location: The 'ville College: Cornell Posts: 644

They rolled the other 16 into a first payment of the quarterly annuity. With an annual payment of 4(16), the payments for that annuity will be 16 at time 0, 16 at time 0.25, 16 at 0.5 and 16 and 0.75. The 16 at time 0 combines with the 84 at time 0 to make the total of 100.

Does that help?
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#163
09-03-2018, 02:47 PM
 Changda SOA Join Date: Jun 2016 Posts: 21

Quote:
 Originally Posted by MathDoctorG They rolled the other 16 into a first payment of the quarterly annuity. With an annual payment of 4(16), the payments for that annuity will be 16 at time 0, 16 at time 0.25, 16 at 0.5 and 16 and 0.75. The 16 at time 0 combines with the 84 at time 0 to make the total of 100. Does that help?
Yeah I understand now. Thank you!
#164
09-07-2018, 12:16 AM
 Enchilada SOA Join Date: Dec 2017 College: Temple Alumni Posts: 17

I decided to try an MLC practice exam today. The one I am currently working on is Fall 2016. But how do I know what is and isn't relevant for LTAM? For example, is there a list somewhere which shows all MLC questions from recent exams and says which problems are still relevant for LTAM?

I specifically wanted to take an old SOA MLC exam to get a feel for an SOA exam rather than using the bulk problem set or working more TIA problems. I will use these methods going forward as well, but I would like to take a few MLC exams too in order to get a feel for the actual exam.
#165
09-07-2018, 09:29 AM
 Bama Gambler James Washer / Notes Contributor SOA Join Date: Jan 2002 Location: B'ham, AL Posts: 17,218

All published MLC exams starting with Fall 2015 and earlier are included in the SOA sample MC and WA questions. All published exams starting with Spring 2016 and later will be used as Sample Exams. I will be removing any problems no longer on the syllabus and adding questions on the new material. The first sample exam (based on Spring 2016) will be available either today or Monday at the latest.
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#166
09-07-2018, 07:15 PM
 TacoTuesday SOA Join Date: Jan 2018 Posts: 5

You guys are all way ahead of me. I should be finishing Multiple Lives today, and since I passed C in June, I'll skim the mortality rates section before doing pensions. I should be able to have a month for practice tests.
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#167
09-08-2018, 09:51 PM
 Kaur Member SOA Join Date: Mar 2016 Posts: 40

At pensions, 2 more units to go. I have no idea how all this information is going to retain in my brain for 1.5 months. This exam is making me very nervous.
#168
09-09-2018, 03:46 PM
 Enchilada SOA Join Date: Dec 2017 College: Temple Alumni Posts: 17

This is my second time taking this exam, which is why I am already on practice questions/exams. Plus I won't be able to study at all during the second half of September, so I had to plan my study time around that.

Once you start doing practice questions, the formulas and topics will feel more intuitive and everything will tie together. I think MLC/LTAM is one of the better exams in the sense that topics tie together well.

... But that being said, I am still terrified of the written answer problems lol.
#169
09-09-2018, 05:37 PM
 Meepo Member SOA Join Date: Mar 2014 Location: Here In My garage Studying for Undecided College: University of Phoenix Posts: 171

Quote:
 Originally Posted by Kaur At pensions, 2 more units to go. I have no idea how all this information is going to retain in my brain for 1.5 months. This exam is making me very nervous.
It feels like everything is building on each other. Coworkers have said that it "clicks" once you get to the end.
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#170
09-09-2018, 06:18 PM
 TranceBrah Member SOA Join Date: Mar 2014 Location: Best Coast Posts: 135

Been doing practice for a few weeks now...and the time crunch is so real. I'm starting to think the SOA isn't expecting people to actually fully complete the exam.

Anecdotal but I know several friends from different sittings say they left a couple of the written entirely blank and still managed to score like 8's.