Errata for A&J Study Manual for exam FM/2 3rd Edition

Errata for A&J Study Manual 3rd Edition

SOA Exam FM/ CAS Exam 2

1. Page 48, the solution for Q10, second line: the lower limit of the integration should be from n instead of 0. 2. Page 67, Solution 2.8, the following figures should be corrected:

1, 2008  14,979.55 instead of 13,643.26 . s

 14,979.55  AV7     13, 638.80  1.098304 
In the last 5th row of the solution, it should be “He has a total of $18,891.19 at t = 7”. The final answer should be $133,539.34 – $18,891.19 = $114,648.15 3. Page 87, Example 2.20, 2nd line: Starting at t = 23 instead of 22. 4. Page 88, Solution 2.20, under the Second Block: Level Annuity, there are 12 payments  during those periods instead of 11. The present value should be PV  10v10 a11  54.41 . This causes some changes to the final answer: PV  41.34  54.41  14.94  20.41  131.10

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