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PROCEEDINGS May 15, 16, 17, 18, 2005 - Casualty Actuarial Society

PROCEEDINGS May 15, 16, 17, 18, 2005 - Casualty Actuarial Society

PROCEEDINGS May 15, 16, 17, 18, 2005 - Casualty Actuarial Society

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220 MODELING FINANCIAL SCENARIOSFIGURE 10Distribution of 10-Year Nominal Interest RateProjection Period: 1 Month to 50 YearsFIGURE 11Actual 3-Month Nominal Interest Rates (January1934—<strong>May</strong> 2004) vs. Model Values (5,000 Iterations)

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