62 Answered Questions for the topic actuarial science
Actuarial Science Probability
07/12/19
Difference between conditional and intersection in probability.?
I am having hard time figuring out if it is a conditional probability or an "and" probability under the following types of problems.>When a student is absent, the probability of the student...
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Actuarial Science Finance
07/12/19
Reinvesting the interest (generalized version)?
If I deposit \\$1 at $t=0$ into an account which credits interest at the end of each year at a force of interest $\\delta_t$ (assume it's integrable.) Then, if I reinvest the interest at an annual...
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Isolating for i?
So this might seem a bit fundamental, but in financial math the following equation gives you the price for a bond$$P = C \\frac {1-(1+i)^{-n}} {i} + B(1+i)^{-n}$$where $P$ is the price of the...
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Actuarial Science Mathematics
07/12/19
Ordinary annuity
if at age 35 you start saving up for retirement and your plan pays an APR of 6% and you want to have 1.5 million in 30 years how much should you deposit monthly?
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Actuarial Science Finance
06/19/19
SOA Exam P Question: Exponential Distribution?
> Suppose you can borrow money at an annual interest rate of $8 \\%$ but can save money at an annual interest rate of only $5\\%$. If you start with zero capital and if the yearly cash flows of...
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Actuarial Science Finance
06/19/19
Annuity problem, calculating the accumulated value.?
There was an interesting problem that I would like to have some input from people who knows a bit of finance.The following is the situation.>Smith loans $\\$10,000$ for $i=5\\%$ for $10$ years. ...
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02/15/19
describing, evaluating and managing risk
There is a 1 percent that you will have healthcare bills of $100,000, a 19 percent chance that you will have a healthcare bill of $10,000, a 60 percent chance that you will have healthcare bills of...
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Actuarial Science Insurance Premiums
10/06/18
Life insurance policy questions.
Gomez purchased a life insurance policy. When he was 25 years old, he chose a $200,000, 10-year term policy at a price of $1.00 per $1.000, which at the age of 35 increased to $1.25 per $1.000. ...
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06/21/18
Calculate the expected amount paid
The owner of a grocery shop buys a policy to insure its revenue in the event of catastrophes (e.g. earthquakes, snowstorms etc.) that shut down the business.
The policy pays nothing for the first...
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06/01/18
How to solve this equation?
https://gyazo.com/63d7e0ebf578afd27c4390f8a894c797
Above is a screenshot of the equation. Ignore the first line if you aren't familiar with finance.
How do you go from the 3rd line of the...
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11/26/17
Mortgages pb help pleaaase
A home selling for $620,000 is to be purchased with a 30% down payment and the remainder financed through mortgage with monthly payments over 25 years. Determine the monthly payment if rates for...
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11/26/17
Math of Investment PB
Determine the accumulated value of monthly deposits of $770 each after 10 years if the deposits earn 9.9%/year compounded quarterly. Assume that the deposits are made at the end of each month and...
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