SOA Exam FM Sample Question 116
Study guide: Exam FM-2
An annuity having n payments of 1 has a present value of X. The first payment is made at the end of three years and the remaining payments are made at seven-year intervals thereafter.
Determine X.
- A)
\dfrac{a_{\overline{7n+3}|} - a_{\overline{3}|}}{s_{\overline{3}|}} - B)
\dfrac{a_{\overline{7n+3}|} - a_{\overline{3}|}}{a_{\overline{7}|}} - C)
\dfrac{a_{\overline{7n+3}|} - a_{\overline{7}|}}{a_{\overline{3}|}} - D)
\dfrac{a_{\overline{7n+3}|} - a_{\overline{7}|}}{a_{\overline{7}|}} - E)
\dfrac{a_{\overline{7n+3}|} - a_{\overline{7}|}}{s_{\overline{3}|}}
Answer this question and see the worked solution