Lorie Pate
USAA Auto Pricing
(210) 498-4817
email lorie.pate@usaa.com
-----Original Message-----
From: Todd M Wing [SMTP:twing@brotherhoodmutual.com]
Sent: Friday, October 23, 1998 12:39 PM
To: Chang, James
Cc: studygroup4a@lists.casact.org
Subject: RE: Fall 97 exam question
I believe that is a one year life annuity due and that it is equal
to one
because it is one payment at the beginning of the first year.
Hope this helps!
Good luck to everyone on the exam
Todd Wing
> I know everyone busy cramming but if anyone has a second it
would
> be
> much appreciated. Cannot figure out #15 from Fall 1997 exam.
It
>
> reads:
>
> Your are given that: a(due)(30) = 20, 3V30 = 0.1 and 1V32 =
0.05
>
> Determine 1 - a(due)(33)(angle 1) / a(immediate)(32)
>
> (where a(due)(30) is PV of a life annunity due for 30 year
old,
> 3V30
> is the reserve of a fully discrete whole life insurance
issued at
> age
> 30 at t=3, a(due)(33)(angle 1) is 1-year tempary life
annunity
> due for
> age 33.)
>
> a) less than .9400
> b) at least .9400, but less than 0.9425
> c) at least .9425, but less than .9450
> d) at least .9450, but less than .9475
> e) .9475 or more
>
>
> I can solve for a(immediate)(32) but for the life of me
figure
> out
> what to do with the a(due)(33)(angle 1). even just a quick
hint
> could
> help and i know most of us don't have time to do much else.
>
> Thanks