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CAA Certified Actuarial Analyst VIP Practice Exam
CAA — The Certified Actuarial Analyst (CAA) is a professional qualification jointly administered by the Institute and Faculty of Actuaries (IFoA) and international actuarial associations; it comprises five technical modules (Finance & Financial Mathematics, Statistics & Models, Short-term Actuarial Mathematics, Long-term Actuarial Mathematics, and Models & Audit Trail) plus an Online Professional Awareness Test, each assessed by a 1.5–2 hour multiple-choice computer-based examination with a 60% pass mark.
28
Questions
90m
Time Limit
60.00%
To Pass
Question 1 of 28👑 VIP
An investor deposits £5,000 into an account earning a nominal interest rate of 6% per annum convertible quarterly. After 3 years, the investor withdraws the full accumulated amount and reinvests it in a simple-interest account at 4% per annum. What is the total amount in the account after a further 2 years from the date of reinvestment?
Questions 2–28 and full explanations are VIP-exclusive.