Textbook Notes (270,000)
CA (160,000)
Western (10,000)
AS (20)
AS 2053 (10)
Chapter 2

# Actuarial Science 2053 Chapter Notes - Chapter 2: Eof, Urs, University Of Western Ontario

Department
Actuarial Science
Course Code
AS 2053
Professor
Steven Kopp
Chapter
2

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Example 2.6.3
You owe \$1500 in 2.5 years and \$2000 in 4
years. It is agreed that you will instead pay
\$1000 today and another \$X in 39 months. If the
interest rate is j4 = 8%, what is the value of X?
Solution
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