Reserve Recursion lesson added
November 29th, 2012
We have added the lesson on Reserve Recursion from the MLC seminar into lesson B.5.3. Reserve recursion is a great tool for computing a reserve if you know the reserve at either the next time or the previous time, and the equivalence principle was used to compute the benefit premium. This is not explicitly on the 3L syllabus, but it is a short lesson and a useful tool.