Which of the following skills/knowledge adds value to Actuarial Work?

• Effective Communication

• Knowledge of Trends and the Economy

• Simplifying complex problems

• Data Handling

• All of the Above

Why is accuracy important in "predicting" the future?

• It can minimize business losses

• It can minimize business gains

• It can minimize growth opportunities

Can we accurately predict the future?

• Yes, because of technology

• No, but we can make approximations of it

Which of the following is not a Core Principle in Finance?

• Time Value of Money

• Risk and Reward Trade-off

• Cashflows are a Source of Value

• Markets are a Source of Value

It is the type of interest that is earned on the original investment plus all the interest earned on the interest accumulated over time

• Simple Interest

• Compound Interest

It is the type of interest that is earned on the original investment only

• Simple Interest

• Compound Interest

Compound interest is greater than Simple Interest over time.

• True

• False