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Financial Maths for ct1 (1 Viewer)

Drongoski

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What's that angled bracket on top of n? In my copy of "Higher Algebra" by Hall & Knight,(1955 Ed; 1st Edition 1887) there is something similar but the angled bracket appears on the lower left - this was the old notation for n!
 

BenHowe

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oh sorry I should've explained it, the LHS= the present value of a level increasing annuity payable continuously for n years at a rate of i percent p/a
 

BenHowe

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I think I must be doing something wrong. For the summation I just want

 
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Drongoski

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oh sorry I should've explained it, the LHS= the present value of a level increasing annuity payable continuously for n years at a rate of i percent p/a
Oh yea. I should have remembered that notation.
 

BenHowe

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Oh yeah sorry I skipped stuff as well , where v is (1+i)^-1, so discounting whatever for 1 period but delta is the force or the rate of interest payable continously. so v=(1+i)^-1=e^-delta
 

BenHowe

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Thanks for the help guys I realised my errors and can do it/understand it now. Thanks heaps! I'd upload the solution but I don't know how to put the actuarial angle in the bos LaTeX editor only on the LaTeX editor on my computer. That and you guys would find it very boring :)
 

BenHowe

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Hey,

I think the answer is yes but I can't clearly explain why. Help please :)Capture.PNG
 

BenHowe

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Dw all good standard integral properties
 

Zoinked

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this all looks cancerous, do we ever have to do stuff like this in applied finance or is this just actuarial work?
 

BenHowe

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No this is financial maths for actuaries. In saying that, you will encounter some of it like interest rates compounded continuously or momently etc. I just think the treatment of the material is a little different. I'll let you know though :)
 

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