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PRMIA Exam 8007 Topic 1 Question 76 Discussion

Actual exam question for PRMIA's 8007 exam
Question #: 76
Topic #: 1
[All 8007 Questions]

The quarterly compounded rate of return is 6% per annum. What is the corresponding effective annual return?

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Suggested Answer: B

by Stefanie at Jul 03, 2024, 06:22 PM

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William
10 months ago
Wait, is the Newton-Raphson method the one where you find the middle point? I'm getting my numerical methods mixed up here.
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Dahlia
9 months ago
D) does provide an error bound along with every iteration
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Arminda
9 months ago
C) can be used for continuous but not differentiable functions
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Tyra
9 months ago
B) is based on Taylor series and uses the first derivative
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Cordelia
9 months ago
A) is based on finding a middle point between left and right end of the search interval
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Carole
10 months ago
An error bound with every iteration? That would be super useful. I hope the answer is D!
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Inocencia
8 months ago
Victor: Absolutely, having an error bound can give us more confidence in the results we obtain.
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Victor
8 months ago
That's great to know. It really helps in understanding the convergence of the method.
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Felix
8 months ago
Yes, the answer is D! The Newton-Raphson method does provide an error bound with every iteration.
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Sue
9 months ago
It definitely helps in tracking the accuracy of the approximation as you iterate.
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Avery
9 months ago
Yes, you're right! That's one of the advantages of the Newton-Raphson method.
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Shelba
10 months ago
I think the answer is D, it does provide an error bound with every iteration.
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Alease
10 months ago
Actually, the Newton-Raphson method does provide an error bound along with every iteration.
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Natalya
10 months ago
Hmm, I thought it could be used for continuous but not differentiable functions. Guess I'll have to review that part of the material.
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Gilberto
10 months ago
Yeah, it does provide an error bound along with every iteration.
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Sheron
10 months ago
I always thought it was based on Taylor series and uses the first derivative.
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Lynette
10 months ago
I believe the method can be used for continuous but not differentiable functions.
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Orville
10 months ago
I agree with Polly, it makes sense to use the first derivative for finding roots.
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Polly
10 months ago
I think the Newton-Raphson method is based on Taylor series and uses the first derivative.
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Brandon
10 months ago
The Newton-Raphson method is definitely based on the Taylor series and the first derivative. I remember learning that in my calculus class.
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Felicitas
9 months ago
It's definitely a powerful tool in mathematics.
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Lonna
10 months ago
I remember using it a lot in my numerical analysis class.
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Shalon
10 months ago
It's a really efficient method for finding roots of equations.
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Isabella
10 months ago
Yes, you're right! The Newton-Raphson method does use the first derivative.
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