1. Is this the best place to ask questions? Being from Canada I cant just ask a buddy or whoever to explain something when I'm stumped.
2. Question 3.9(Pg 7). How is the reserve calculated? 107.2 = Setting up the reserve.
Setting up reserve = (100 - 5) * 12.85 / 11.39. There's no equation given and I cant seem to figure it out using just logic.
Setting up the reserve part of the question just stumped me.
I havent written an actuarial exam in some time so it might just be my fundamentals are out of whack. Any help is much appreciated.
Last edited by a moderator: Aug 9, 2014