Exam LTAM exercise for May 14, 2021

Exam LTAM exercise for May 14, 2021, Fall 2006 Society of Actuaries Course M Examination, Problem No. 4, also Study Note MLC-09-13, Problem No. 209, and Dr. Ostaszewski’s online exercise posted December 30, 2006, video solution: http://smartURL.it/KO-LTAM-Exercise312

By Krzysztof Ostaszewski
Distinguished Professor of Mathematics and Actuarial Program Director at Illinois State University
My short bio: https://smartURL.it/krzysiobio
Information about me: https://smartURL.it/jedi
How to pass actuarial exams: https://smartURL.it/pass
Videos Posted January 20, 2017 through January 19, 2021: https://smartURL.it/PassActuarialExams
Videos posted January 20, 2021 and later: https://smartURL.it/PassActuaryExams
Online seminars for actuarial exams: https://smartURL.it/onlineactuary
Exam P manual: https://smartURL.it/BTDT-P
Exam FM manual: https://smartURL.it/BTDT-FM
Exam LTAM manual: https://smartURL.it/BTDT-LTAM
Exam IFM manual: httsp://smartURL.it/BTDT-IFM
Actuarial Program at Illinois State University: https://smartURL.it/actuary
Please support our actuarial students: https://smartURL.it/helpISUactuary