Insurance Service Result mini Q5
The formula given is ISR = TIR - ISE + NRE. Can someone please explain how they get this answer? Seems to me they are doing TIR - ISE - NRE instead. Why is this?
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The formula given is ISR = TIR - ISE + NRE. Can someone please explain how they get this answer? Seems to me they are doing TIR - ISE - NRE instead. Why is this?
Comments
There's an error with the formula. We'll get it fixed
@graham I think this has to do with the inconsistency that someone asked earlier.
Sorry, the formula given is incorrect or the formula used in the solution is incorrect?
I forgot to correct it here when I corrected the formula in the wiki. Thanks for letting me know.