Example 10.10 (a) (page 360 of the textbook)

Why is the final average earnings (Sfin) the same when calculating the actuarial liability at time 0 and at time 1 if the salary is assumed to increase by 4% p.a?

Login

0 votes

- All categories
- BUS 1003H - Introduction to Financial Risk (52)
- BUS 2016H - Financial Mathematics (55)
- BUS 3018F - Models (74)
- BUS 3024S - Contingencies (61)
- BUS 4028F - Financial Economics (39)
- BUS 4027W - Actuarial Risk Management (54)
- BUS 4029H - Research Project (5)
- Mphil (1)
- Calculus and Pure Mathematics (4)
- Statistics (16)

...