Actuarial Outpost Fall 2019 LTAM Progress Thread
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 Long-Term Actuarial Math Old Exam MLC Forum

#81
09-16-2019, 11:32 PM
 isaiahbarrett27 SOA Join Date: Dec 2017 Posts: 12 Blog Entries: 1

Quote:
 Originally Posted by Gandalf I don't see why your approach gives you i=.0229. Can you post your calculations?
Quick question, does this shortcut only work for benefits = 1? Or for other amounts do you multiply the entire thing by the benefit amount? i.e.

nV = b_t ( 1 - a_x:n/a_x)
#82
09-17-2019, 07:58 AM
 Gandalf Site Supporter Site Supporter SOA Join Date: Nov 2001 Location: Middle Earth Posts: 31,624

You would multiply by the benefit amount.
#83
09-17-2019, 08:45 PM
 MarkovChains Member SOA Join Date: Feb 2019 Posts: 144

Good luck to everyone taking this exam, it's a beast. They will probably make it harder from now on considering last sitting was relatively easier. Study hard.
#84
09-19-2019, 12:32 PM
 treecko09 Member SOA Join Date: Jul 2015 Posts: 74

What is the most sound/effective target time allocation strategy for this exam? Like is 120 min MC - 120 min WA the way to go? Or should i target 90 min MC - 150 min WA?
#85
09-19-2019, 01:42 PM
 sukkev08 Member SOA Join Date: May 2013 Location: In Neverland College: Monster University Favorite beer: Root Beer Count? Posts: 147

Quote:
 Originally Posted by treecko09 What is the most sound/effective target time allocation strategy for this exam? Like is 120 min MC - 120 min WA the way to go? Or should i target 90 min MC - 150 min WA?
5 min for each MC --> 100 on MC
rest on WA
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#86
09-20-2019, 03:00 PM
 Seasplash Member CAS SOA Join Date: Jun 2014 Location: Arlington, VA Studying for MLC College: Cal Poly San Luis Obispo Posts: 511

Quote:
 Originally Posted by treecko09 What is the most sound/effective target time allocation strategy for this exam? Like is 120 min MC - 120 min WA the way to go? Or should i target 90 min MC - 150 min WA?
Based on the 2.5 min/pt rule, you would think 100 for MC and 140 for WA. However, there will probably be at least one conceptual MC question that would probably take 2 minutes max. Some examples: Fall 2018 LTAM MC #1, Spring 2019 LTAM MC #2, Spring 2019 LTAM MC #10. Realistically you want to get to the point where you spend 90 mins max on the MC, because I find the WA tends to take longer.

When I took Spring 2019 LTAM, I spent 75 minutes to get answers for 17 MC questions. I spent 160 minutes on the WA. The remaining 5 minutes or so I spent on getting an answer for a problem and guessing on two.

Definitely DO NOT spend 120/120. If I were told that I would get a perfect 40/40 points on the MC if I spent 2 hours on it, I would not take it.
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#87
09-22-2019, 02:26 PM
 zenkei18 Member Non-Actuary Join Date: Jan 2014 College: Angelo State University Posts: 793

I better pass, I have jerked around like twice now on this exam and am feeling the motivation and effort level this go around is going to be adequate. How is everyone else feeling?
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#88
09-25-2019, 02:14 PM
 aactuary92 Member SOA Join Date: Mar 2019 Studying for PA Posts: 108

We're a month out, any updates on how people are doing on practice exams, what's everyone's earned level, etc?

I need motivation and it always helps to see how far others are ahead of me :|
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#89
09-25-2019, 08:53 PM
 mac1245 Member SOA Join Date: Apr 2013 Studying for Exam LTAM Posts: 143

Quote:
 Originally Posted by aactuary92 We're a month out, any updates on how people are doing on practice exams, what's everyone's earned level, etc? I need motivation and it always helps to see how far others are ahead of me :|
I am reviewing the material again and still in the first round of practicing questions for each sections. I haven't even started the practice exams yet. Ok now I am scared
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#90
09-25-2019, 09:11 PM
 treecko09 Member SOA Join Date: Jul 2015 Posts: 74

Quote:
 Originally Posted by aactuary92 We're a month out, any updates on how people are doing on practice exams, what's everyone's earned level, etc? I need motivation and it always helps to see how far others are ahead of me :|
Just started studying the material last September 2. Yes, September 2. And it's more of a review type for me because these things aren't new to me as I have two life contingency courses in college.

As of now, I cherry picked end-of-chapter exercises and LTAM as I went through the material. I did the LTAM Spring 2019 and Fall 2018 practice exams. Passed the former but failed the latter. I failed the first three practice exams of ASM lmfao. I immediately noticed that the difficulty of the ASM exams are different from that of the actual. Also, I noticed that I derive formulas in some of the MC questions, which I think is not that efficient. So will probably review some of the material again and memorize some formulas. So yeah, in terms of preparedness, I am not yet there.

 Tags nimpo fsa no jutsu.