SOA Exam FAM Sample Question 5.11
Study guide: Exam FAM
For a 3-year temporary life annuity due, you are given:
i) The life annuity pays 10 at the beginning of each year
ii) v = 0.93
iii) p_{x} = 0.95, p_{x+1} = 0.9, p_{x+2} = 0.8
Calculate the standard deviation of the present value random variable for this annuity.
[Question on October 2022 FAM-L Exam]
- A) 4.4
- B) 4.5
- C) 4.6
- D) 4.7
- E) 4.8
Answer this question and see the worked solution