精算师测试练习题.pdfVIP

SOCIETY OF ACTUARIES/CASUALTY ACTUARIAL SOCIETY EXAM FM FINANCIAL MATHEMATICS EXAM FM SAMPLE QUESTIONS Copyright 2005 by the Society of Actuaries and the Casualty Actuarial Society Some of the questions in this study note are taken from past SOA/CAS examinations. FM-09-05 PRINTED IN U.S.A. 11/08/04 2 These questions are representative of the types of questions that might be asked of candidates sitting for the new examination on Financial Mathematics (2/FM). These questions are intended to represent the depth of understanding required of candidates. The distribution of questions by topic is not intended to represent the distribution of questions on future exams. 11/08/04 3 1. Bruce deposits 100 into a bank account. His account is credited interest at a nominal rate of interest of 4% convertible semiannually. At the same time, Peter deposits 100 into a separate account. Peter’s account is credited interest at a force of interest of δ . After 7.25 years, the value of each account is the same. Calculate δ . (A) 0.0388 (B) 0.0392 (C) 0.0396 (D) 0.0404 (E) 0.0414 11/08/04 4 2. Kathryn deposits 100 into an account at the beginning of each 4-year period for 40 years. The account credits interest at an annual effective interest rate of i. The accumulated amount in the account at the end of 40 years is X , which is 5 times the accumulated amount in the account at the end of 20 years. Calculate X . (A) 4695 (B) 5070 (C) 5445 (D) 5820 (E