Actuarial Exam FM/2 Prep: Use an Equation of Value to Solve for an Unknown Withdrawal скачать в хорошем качестве

Actuarial Exam FM/2 Prep: Use an Equation of Value to Solve for an Unknown Withdrawal

TI BAII Plus Calculator: https://amzn.to/2Mmk4f6. Mathematics of Investment and Credit, 6th Edition, by Samuel Broverman: https://amzn.to/2s9SZEQ. Amazon Prime Student 6-Month Trial: https://amzn.to/3iUKwdP. Check out my blog: https://infinityisreallybig.com/ Financial Math for Actuarial Exam FM (Actuary Exam FM, Actuary Exam Exam 2), Video #1. Exercise 1.1.4S in "Mathematics of Investment and Credit", Samuel A. Broverman, 6th Edition. 🔴 Financial Math Problem Solving Playlist:    • Actuarial Exam FM/2 Prep: Use an Equation ...   🔴 Financial Math Summary Lectures:    • Financial Mathematics for Actuarial Scienc...   Exercise #1.1.4S in Broverman, 6th Edition: Use an Equation of Value to Solve for an Unknown Withdrawal. Carl puts 10,000 into a bank account that pays an effective annual interest rate of 4% for ten years, with interest credited at the end of each year. If a withdrawal is made during the first five and one-half years, a penalty of 5% of the withdrawal is made. Carl withdraws K at the end of each of years 4, 5, 6 and 7. The balance in the account at the end of year 10 is 10,000. Calculate K. (0:00) Introduction (0:38) Problem statement (2:03) Draw a financial timeline of deposits and withdrawals (3:41) The time value of money leads to an equation of value (4:40) The accumulated value of the deposit (6:04) The accumulated values of the withdrawals (9:05) The equation of value (9:42) Solve the equation of value for the unknown (10:41) Why is the method valid? (Algebraic justification) AMAZON ASSOCIATE As an Amazon Associate I earn from qualifying purchases.