SOA Exam FAM Sample Question 4.16
Study guide: Exam FAM
You are given the following extract of ultimate mortality rates from a two-year select and ultimate mortality table:
x |
q_{x} |
|---|---|
| 50 | 0.045 |
| 51 | 0.050 |
| 52 | 0.055 |
| 53 | 0.060 |
The select mortality rates satisfy the following:
q_{[x]} = 0.7q_{x}q_{[x]+1} = 0.8q_{x+1}
You are also given that i = 0.04.
Calculate A^{1}_{[50]:\overline{3}|}.
[Question 5 on the Fall 2016 exam]
- A) 0.08
- B) 0.09
- C) 0.10
- D) 0.11
- E) 0.12
Answer this question and see the worked solution