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Review_part1_1

# Review_part1_1 - ACF329 Something to help prepare for Exam...

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ACF329 Something to help prepare for Exam 1 Warning: this is not a sample test. 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 Fall 2010 Harper

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(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. (i) Given d (4) 4 = 1 . 8%, find the equivalent force of interest.
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