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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