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PRMIA Exam 8002 Topic 1 Question 3 Discussion

Actual exam question for PRMIA's Mathematical Foundations of Risk Measurement :II exam
Question #: 3
Topic #: 1
[All Mathematical Foundations of Risk Measurement :II Questions]

You invest $100 000 for 3 years at a continuously compounded rate of 3%. At the end of 3 years, you redeem the investment. Taxes of 22% are applied at the time of redemption. What is your approximate after-tax profit from the investment, rounded to $10?

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Suggested Answer: B


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