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Unformatted text preview: ACF329 Practice Problems for Exam 1: Part 1 Warning: this is not a sample test. It is merely a supplement for your preparation. Name: Instructions: You should use one of the SOA approved calculators on this worksheet. The goal is to be able to do these basic problems as quickly and accurately so that you can concentrate on more interesting aspects of a problem. 1. Give the answer as a percent to the nearest 0.0001. Repeat as necessary until you can finish in 25 minutes or less. (a) Given i = 6 . 25%, find the equivalent d . (b) Given i (6) = 13 . 5%, find the equivalent i . (c) Given a force of interest equal to 7 . 34%, find the equivalent i . (d) Given i (4) = 2 . 45%, find the equivalent d (6) . ACF329 Spring 2011 Harper (e) Given i (2) = 3 . 7%, find the equivalent δ . (f) Given nominal discount rate equal to 17 . 4% convertible monthly, find the equivalent nominal interest rate convertible quarterly. (g) Given effective quarterly interest rate equal to 3 . 25%, find the equivalent monthly inter- est rate. (h) Given effective monthly interest rate equal to 1 . 4%, find the equivalent quarterly dis- count rate....
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This note was uploaded on 12/05/2011 for the course M 341 taught by Professor Hietmann during the Spring '08 term at University of Texas.
- Spring '08