Given a nominal interest rate of 7.5% convertible semiannually, determine the sum of the equivalent: (i) force of interest; and (ii) nominal discount rate ... Calculate K. (A) 237 (B) 232 (C) 227 (D) 222 (E) 217 3. A business permits its customers to pay with a credit card or to receive a percentage discount r for paying cash.
|Title||:||Actex study manual, Course 2 examination of the Society of Actuaries, Exam 2 of the Casualty Actuarial Society (interest theory)|
|Author||:||Dick London, Society of Actuaries, Casualty Actuarial Society, Actex Publications|