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Hi I am writing this to get my understanding clear on the question 6 from CT1 which is now part of CM2. For part b, Calculate the probability that...
Due to the change in syllabus and the mode of testing the exams, the exemptions that I have paid for are now worthless. How can I get this money...
there are over 7,000 students who stand to lose exams due to changes to the exam system for CT1,4,5 and 6. A further few thousand will have to...
Good Day I would like to write CT1 as a non-member in April. I cant seem to find a webpage that will allow me to register fo this exam. Could...
A financial institution has issued a large number of 20-year policies. Under these policies: Premiums are payable annually in advance. A maturity...
Hi all, a question around proofs to learn.. when looking at the learning objectives, it says to 'derive the relationship between the rates of i...
Hey all, I trust everyone's revision is going well? I had a query regarding DPP, wondering if someone could assist me. Attempting Q8 in April...
A particular charity invests its assets in a fund on which it has a target rate of return of 8% per annum effective. From time-to-time, the...
Two investment funds A and B are administered by different managers. The initial values of the two funds on 1 January 2015 were £1.5 million and...
*when calculating the DPP, why do we ignore the resale value of the assets (+500) in the calculation? thank you!
Just wondering if there are any rule of thumbs to rounding the final answers in the CT papers? Is it true you true you get penalised for improper...
An individual is planning to purchase £100,000 nominal of a bond on 1 June 2016 which will be redeemable at 110% on 1 June 2020. The bond will...
What is the formula to figure out how to summarise these sort of equations for example: 1. v^2 + v^2 + v^4.... + v^16 2. 1 + 1.03v + 1.03^2 v^2...
An individual aged exactly 65 intends to retire in five years’ time and receive an annuity-certain. The annuity will be payable monthly in...
Hi everyone according to the study guide for ct1, we have to understand 'how convexity and duration may be used to estimate the sensitivity of...
Hi everyone, the question says: a fixed interest security pays coupons of 8% pa half yearly in arrear and is redeemable at 110%. two months...
Hey all, Hope everyone's revision is going well. I had a question about running yield, wondering if someone could help with my understanding. So...
Hi, I need some help as I have trouble in understanding the concept of Annuity on a pthly basis. Please can someone help with the text mentioned...
Hi, I am picking up maths after 14 years. I am brushing my maths up till Class 12th Level. Unsure what level of maths will I confront through out...
I'm struggling to understand when to use which formula's, in particular when I should be using E(i) or E(1+i), and I keep using the wrong notation...
Hello, this is my first time I am taking an exam for me. Also, i have started revising like from last friday due to 8 other exams for my uni to...
For index linked bonds/stocks questions how do you know when to use the equation Q(0)/Q(n) instead of Q(n)/Q(0)?
Hi all, I have a question regarding to Chapter 12, Question 12.17. The question is like this: "To provide her with her retirement, a woman has...
Hi, I am enrolled for CT1 ( Certificate in Financial Mathematics) for April'2017 exam. I have got the study material. Now, I wish to enroll for...
Hi all I wanted to ask about how assumed knowledge works regarding CT subjects. My situation is that I've sat the CT1 exam recently. I'm fairly...
Hi there I've trying (unsuccessfully) to understand the solution which appears to be given in two limbs which I largely paraphrase: 1. From part...
i tried to find out the amount of loan by grouping 2 years as one term, so I calculate by 160 a(p:2)8 + 40 ia(p:2)8 @i=10.25%...
Hi there Just covering off on Chapter 11 at the moment. It says that one of the reasons why running yields on property are higher than on shares...
Hi there I don't really undertstand why in part 2, the statement "Since the interest rate here equals the accumulation rate here, the starred...
On 1st November 1985, a man was in receipt of three annuities mentioned below: Annuity 1: INR 200 p.a. payable annually on 1st February each year,...
I was working through Chapter 14 of the notes today and had a crack at Q14.11. Although I correctly set up the model to solve for the GRY, it...
I'm trying to understand the section on hedging (see page 14 and 15 of the 2016 Course Notes). It states that an investor taking a short position...
Hey guys, I hope everyone's revision is going well. I was wondering which type of calculator people are using for their CT1 exam. The IFoA eshop...
Good day I am writing CT1 as a non-member of IFoA. I have no tertiary math qualifications. I've looked at the approved list of calculators, and...
question 1.10 Based on my understanding of the question, I could proceed with the following steps: PV= 100 + 100*(1.05v)+...
The question asks for the extra interest they are paying on the restructured loan as compared to the original loan. In the solution, they have...
Question is asked to derive all necessary formulae but you don't need to derive for log normal. What exactly this question is all about? Since...
If you read both questions they have given two different interest rate per annum. But why did use a different approach while calculating forward...
Question is about to get annual redemption yield (to the nearest 1%) And as per solution its 3%. Is it the standard to give answer in term of...
Interest rate is given ....The countinously compounded risk free rate of interest for term 6 months and One year. Is it the other name of force...
Sorry : Question is from 2006 year exam paper instead of 2009 :cool: While calculating Price of bond on real rate 3% convertible half yearly and...
Three doubts in this question: 1st - Cost of communities: Communities affected by climate change will incur costs of $20bn per annum incurred...
