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Reserve Formula

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  • Reserve Formula

    The reserve formula using the prospective method doesn't make complete sense to me. so say the value of the reserve at time t is equal to

    Ax+t - P*a(x+t) (with bars over the a's and p) for some reason to me it should be something like n|Ax - P*(n|a(x))? anyone, preferably someone who teaches this course

  • #2
    nevermind, i figured it out

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