SOA Exam FM Sample Question 442
Study guide: Exam FM-2
An asset earns an annual force of interest given by \delta(t) = \dfrac{1}{20+t}, where t is the time in years since January 1, 2020. The equivalent annual effective rate of interest for the year 2024 is i.
Calculate i.
- A) 4.00%
- B) 4.08%
- C) 4.17%
- D) 4.35%
- E) 5.00%
Answer this question and see the worked solution