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  #21  
Old 05-02-2017, 12:36 PM
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Bama Gambler Bama Gambler is offline
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Quote:
Originally Posted by Triple Z View Post
I also feel that he didn't cover nExx sufficiently.
That said, he was great for giving intuition. I can come up with recursive formulas in my sleep for just about anything.
nExx isn't a symbol used in the textbook.

I think it is pretty clear what the formula would be. nExx is the present value of $1 paid in n-years if both lives aged x are still alive. Thus



very similar to



Which is the same connection that I made over and over again when we switched to multiple lives. For example (there are lots more):



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  #22  
Old 05-02-2017, 12:39 PM
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Originally Posted by ScarletGrey08 View Post
Sorry to hear that about TIA. To give credit where it's due, the ADAPT WA got me pretty comfortable with percentiles.

From Annuities Question 1:
(b) (3 points) Calculate Pr(Y2 > 100,000).
(c) (3 points) Calculate the median of Y2.

From Annuities Question 2:
(b) (2 points) Calculate Pr (Y < 1.8).
(c) (2 points) These annuities are sold to 1000 independent individuals, one annuity to each individual. Using the normal approximation, calculate the probability that the present value of payments on the portfolio is less than 1800.

Very glad I did those now.
I cover how to work these problems in great detail in the TIA seminar. I also work numerous examples exactly like these problems.
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  #23  
Old 05-02-2017, 03:46 PM
Torene Torene is offline
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Personally, I felt that percentiles were covered adequately in the TIA seminar. I flagged and watched the percentile premiums section several times, since I knew it was one of my weaker points. It didn't help me that much on the exam, since I blanked on it, but I feel like this was more on me not doing enough problems.
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  #24  
Old 05-04-2017, 01:58 PM
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Originally Posted by nepomucenoj1 View Post
I think James explicitly says the SOA mostly asks questions that are solvable via a normal approximation and not to worry about directly solving them if you don't have time.
I believe I said that about percentile premiums, not percentiles in general.
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  #25  
Old 05-06-2017, 12:44 AM
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Hi guys im in on this mlc in fall.
I took a little break but im back at it to finish this.

Any changes to the mlc syllabus since a couole years ago?
I know they added the written portion.

Whats the oldest asm mlc manual can I use without missing out?


I have the 14th edition.
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  #26  
Old 05-06-2017, 07:29 AM
Clem Koi Clem Koi is offline
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TIA is the shiz!! I just blanked on the percentiles.
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  #27  
Old 05-12-2017, 12:34 PM
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Quote:
Originally Posted by ronaldy27 View Post
Hi guys im in on this mlc in fall.
I took a little break but im back at it to finish this.

Any changes to the mlc syllabus since a couole years ago?
I know they added the written portion.

Whats the oldest asm mlc manual can I use without missing out?


I have the 14th edition.
See http://aceyourexams.net/Information.php
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  #28  
Old 05-15-2017, 11:40 PM
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Not so sure if I should do C or MLC in October sitting, but I'll join anyway (at least for the first few posts).
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  #29  
Old 05-16-2017, 11:05 AM
LOLAND LOLAND is offline
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C wasn't any trouble but I am deathly worried about MLC. I am glad I did C first.
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  #30  
Old 05-17-2017, 08:30 PM
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Starting MLC today! Hoping for the best. lets go guys
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