SOA Exam FM Sample Question 120
Study guide: Exam FM-2
At an annual effective interest rate of 6%, the present value of a perpetuity immediate with successive annual payments of 6, 8, 10, 12, ..., is equal to X.
Calculate X.
- A) 100
- B) 656
- C) 695
- D) 1767
- E) 2222
Answer this question and see the worked solution