SOA Exam FM Sample Question 123
Study guide: Exam FM-2
A family purchases a perpetuity-immediate that provides annual payments that decrease by 0.4% each year. The price of the perpetuity is 10,000 at an annual force of interest of 0.06.
Calculate the amount of the perpetuity's first payment.
- A) 604
- B) 620
- C) 640
- D) 658
- E) 678
Answer this question and see the worked solution