SOA Exam FM Sample Question 394
Study guide: Exam FM-2
Given a force of interest \delta_t = \dfrac{1}{t+8}, where t is measured in years, calculate the effective rate of interest during the 5th year.
- A) 7.4%
- B) 7.7%
- C) 8.0%
- D) 8.3%
- E) 8.7%
Answer this question and see the worked solution