SOA Exam FM Sample Question 115
Study guide: Exam FM-2
For a given interest rate i > 0, the present value of a 20-year continuous annuity of one dollar per year is equal to 1.5 times the present value of a 10-year continuous annuity of one dollar per year.
Calculate the accumulated value of a 7-year continuous annuity of one dollar per year.
- A) 5.36
- B) 5.55
- C) 8.70
- D) 9.01
- E) 9.33
Answer this question and see the worked solution