SOA Exam FM Sample Question 324
Study guide: Exam FM-2
You are given that the force of interest at time t (in years) is \dfrac{1}{t+8}.
Calculate the annual effective rate of interest in year 5.
- A) 6.2%
- B) 6.6%
- C) 7.4%
- D) 8.3%
- E) 9.5%
Answer this question and see the worked solution