Summary: 1/??
Chapter 3. Annuities.
Manual for SOA Exam FM/CAS Exam 2.
Chapter 3. Annuities.
Section 3.1. Geometric series.
c 2009. Miguel A. Arcones. All rights reserved.
Extract from:
"Arcones' Manual for the SOA Exam FM/CAS Exam 2,
Financial Mathematics. Fall 2009 Edition",
available at http://www.actexmadriver.com/
c 2009. Miguel A. Arcones. All rights reserved. Manual for SOA Exam FM/CAS Exam 2.
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Chapter 3. Annuities. Section 3.1. Geometric series.
We use the summation notation n
i=m xi to mean
xm + xm+1 + · · · + xn-1 + xn.
Usually arithmetic rules hold. In particular:
n
i=m(xi + yi ) = n
i=m xi + n

Source: Arcones, Miguel A. - Department of Mathematical Sciences, State University of New York at Binghamton

Collections: Mathematics