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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 :)



-- 
Sérgio Marques

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