2013/7/21 Tom Davies <tomdavies04@yahoo.co.uk>
Hi :) Sorry i am not completely clear about 2 crucial things 1. What is the string as is?
Returns the actuarial rate of interest of an investment excluding costs or profits
2. What is the suggested alternative?
Compute the internal rate of return for a series of cash flows Stated by ODFF.
I couldn't find the Oasis definitions and i loathe looking through MS Office anything. The link given seems to be specifically about healthcare but may not have been written by someone that really knows what they are talking about. I tried looking for something more generic and found this hopelessly detailed page in wikipedia http://en.wikipedia.org/wiki/Actuarial_science also this unclear (and also long-winded) definition http://www.investopedia.com/terms/a/actuarial-valuation.asp and this one http://definitions.uslegal.com/a/actuarial-value/ Would it be safer to just rewrite the equation it uses but rewrite in English? (probably not but sometimes it helps) Regards from Tom :)
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