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Old 04-13-2010, 08:51 AM
fromtw fromtw is offline
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Default GAAP ch4( TIA study manual section B, p51)

Based on the example TIA gave on p. 51, I tried to calculate the PVFB3 which is 215.63, but I cant get that number. Can someone help? Here is what I did:

PVFB3 = FACE * (Surv(2)*q(3)*v^.5+Surv(3)*q(4)*v^1.5+Surv(4)*q(5) *v^2.5)/Surv(2)
=(71.34*v^.5+73.86*v^1.5+75.38*v^2.5)/.72060, where i=6.85%
=277.21

Last edited by fromtw; 04-13-2010 at 10:29 AM..
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Old 04-13-2010, 10:30 AM
fromtw fromtw is offline
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stupid me. It's PVFB2...
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