The Force of Interest Example (Actuarial Exam FM–Financial Mathematics–Module 1, Section 8, P1)

SOA Exam FM (Financial Mathematics) Module 1, Section 8

After completing this video you should be able to:
- Define and recognize the definitions of the following terms: the force of interest.
- Given any one of the effective interest rate, the effective discount rate, or the force of interest, calculate any of the other items.

Example used in the video:
Account A credits interest using a 10% simple discount rate. Account B uses an interest rate of 𝑖, compounded semiannually. At the end of two years, the forces of interest for Accounts A and B are equal.

Determine 𝑖.

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Is there a reason why Module 1 Section 6 and 7 are missing from these videos? Thx