III IC-28 Practice Questions - III IC-28 Foundation Of Actuarial Science Exam

What is the present value of an annuity-certain of 1 per annum payable annually in arrear for n years?

a_n = (1 - v^n) / d a_n = (1 - v^n) / i s_n = ((1+i)^n - 1) / i a_n = 1 / (1 + i)^n

a_n = (1 - v^n) / i

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