M
maz1987
Member
The question makes use of the formula for a 6th type of reversionary benefit given in section 2.2 of chapter 9.
I understand the formula given, and have been able to apply it to answer the question, but it got me thinking whether we are expected to derive in an exam the epv for an ad hoc revisionary benefit using integration.
Eg if the formula for this type of reversionary annuity weren't in the notes, would we be expected to be able to derive it in an exam? Or is it safe to learn the formula and the reasoning behind them, and then that should do for questions of this type?
Thanks
I understand the formula given, and have been able to apply it to answer the question, but it got me thinking whether we are expected to derive in an exam the epv for an ad hoc revisionary benefit using integration.
Eg if the formula for this type of reversionary annuity weren't in the notes, would we be expected to be able to derive it in an exam? Or is it safe to learn the formula and the reasoning behind them, and then that should do for questions of this type?
Thanks