Actuarial Outpost
 
Go Back   Actuarial Outpost > Exams - Please Limit Discussion to Exam-Related Topics > SoA/CAS Preliminary Exams > Exam 2/FM - Financial Mathematics
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions


Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 04-13-2018, 09:49 AM
Kely Kely is offline
SOA
 
Join Date: Sep 2017
College: University of Iowa Second Year Graduate
Posts: 6
Default Last minute probem

Can anyone tell me why there are 22 annuities? the semi-annual bond for 10 years only have 20 coupons. And also, why he uses 1200 in the first equation and 1100 in the second equation?
Thanks!
Attached Images
 
Reply With Quote
  #2  
Old 04-13-2018, 10:10 AM
Gandalf's Avatar
Gandalf Gandalf is offline
Site Supporter
Site Supporter
SOA
 
Join Date: Nov 2001
Location: Middle Earth
Posts: 30,886
Default

There are not 22 annuities. 22 is the amount of each periodic payment. 1100 par value times .04 per year / 2 payments per year = 22.

Good luck on the exam.
Reply With Quote
  #3  
Old 04-25-2018, 06:10 PM
Kely Kely is offline
SOA
 
Join Date: Sep 2017
College: University of Iowa Second Year Graduate
Posts: 6
Default

Quote:
Originally Posted by Gandalf View Post
There are not 22 annuities. 22 is the amount of each periodic payment. 1100 par value times .04 per year / 2 payments per year = 22.

Good luck on the exam.
Thanks! I passed finally.
Reply With Quote
  #4  
Old 04-25-2018, 08:16 PM
Gandalf's Avatar
Gandalf Gandalf is offline
Site Supporter
Site Supporter
SOA
 
Join Date: Nov 2001
Location: Middle Earth
Posts: 30,886
Default

Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 03:22 AM.


Powered by vBulletin®
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.31270 seconds with 10 queries