SOA Exam FM Sample Question 20
Study guide: Exam FM-2
A perpetuity-immediate pays X per year. Brian receives the first n payments, Colleen receives the next n payments, and a charity receives the remaining payments. Brian's share of the present value of the original perpetuity is 40%, and the charity's share is K.
Calculate K.
- A) 24%
- B) 28%
- C) 32%
- D) 36%
- E) 40%
Answer this question and see the worked solution