Actuarial Exam FM/2 Prep: Use an Equation of Value to Solve for an Unknown Deposit Time
TI BAII Plus Calculator: https://amzn.to/2Mmk4f6. Mathematics of Investment and Credit, 6th Edition, by Samuel Broverman: https://amzn.to/2s9SZEQ. Amazon Prime Student 6-Month Trial: https://amzn.to/3iUKwdP. Check out my blog: https://infinityisreallybig.com/ Financial Math for Actuarial Exam FM (Actuary Exam FM, Actuary Exam 2), Video #2. Exercise 1.1.6S in "Mathematics of Investment and Credit", Samuel A. Broverman, 6th Edition. Financial Math Problem Solving Playlist: • Actuarial Exam FM/2 Prep: Use an Equation ... Financial Math Summary Lectures: • Financial Mathematics for Actuarial Scienc... Exercise 1.1.6S: Joe deposits 10 today and another 30 in five years into a fund paying simple interest at 11% per year. Tina will make the same two deposits, but the 10 will be deposited n years from today and the 30 will be deposited 2n years from today. Tina’s deposits earn an effective annual rate of 9.15%. At the end of 10 years, the accumulated amount of Tina’s deposits equals the accumulated amount of Joe’s deposits. Calculate n. The quadratic formula is required to solve this. AMAZON ASSOCIATE As an Amazon Associate I earn from qualifying purchases.

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