Hi An "increasing annuity formula" is mentioned in the past exam papers. I don't remember studying this in the past (Sept 2014 q2) Can anyone help refresh my memory? Thank you
Yes - an odd one. Basic increasing annuities were certainly covered in my day, and had the actuarial notation Ia(n) where the n was in the little box indicating the term of the annuity. If you search on google there are loads of sites that derive the basic increasing annuity and show you the formula that the examiner has used there. It is certainly in one of the CTs, but they have been renamed since I qualified, so I dont know which one.
