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Ct1 X Assignment Solutions

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CT1 – P XS – 13
Series X Solutions ActEd Study Materials: 2013 Examinations Subject CT1
Contents Series X Solutions If you think that any pages are missing from this pack, please contact ActEd’s admin team by email at ActEd@bpp.com. How to use the Series X Solutions Guidance on how and when to use the Series X Solutions is set out in the Study Guide for the 2013 exams.

Important: Copyright Agreement This study material is copyright and is sold for the exclusive use of the purchaser. You may not hire out, lend, give out, sell, store or transmit electronically or photocopy any part of it. You must take care of your material to ensure that it is not used or copied by anybody else. By opening this pack you agree to these conditions.

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© IFE: 2013 Examinations

All study material produced by ActEd is copyright and is sold for the exclusive use of the purchaser. The copyright is owned by Institute and Faculty Education Limited, a subsidiary of the Institute and Faculty of Actuaries. Unless prior authority is granted by ActEd, you may not hire out, lend, give out, sell, store or transmit electronically or photocopy any part of the study material. You must take care of your study material to ensure that it is not used or copied by anybody else. Legal action will be taken if these terms are infringed. In addition, we may seek to take disciplinary action through the profession or through your employer. These conditions remain in force after you have finished using the course.

© IFE: 2013 Examinations

The Actuarial Education Company

CT1: Assignment X1 Solutions

Page 1

Assignment X1 Solutions
Markers: This document sets out one approach to solving each of the questions. Please give credit for other valid approaches.

Solution X1.1
The present value is:

50a• =

50 = £833.33 i

[1]

Solution X1.2
The length

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