SOA Exam FM Sample Question 46
Study guide: Exam FM-2
The annual force of interest credited to a savings account is defined by
\delta_t = \frac{t^2/100}{3 + t^3/150}
with t in years. Austin deposits 500 into this account at time 0.
Calculate the time in years it will take for the fund to be worth 2000.
- A) 6.7
- B) 8.8
- C) 14.2
- D) 16.5
- E) 18.9
Answer this question and see the worked solution